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12

Investors Are Cherry Picking the Assets of a Fallen Renewable Energy Giant

By Tony Seruga

Brookfield agreed to buy SunEdison’s TerraForm yieldcos
Projects sold to football club, developers and investors

The spectacular failure of what was once the world’s biggest renewable-energy company has turned into a smorgasbord of wind and solar farms being gobbled up by infrastructure investors, clean-power developers and even a vegan soccer team.

Since filing the largest U.S. bankruptcy of 2016, SunEdison Inc. has hosted the biggest-ever sale of renewables assets. It’s shed at least $1 billion of assets from Southern California to Chile to India — some through record-breaking deals — including projects that would have died without new owners. With wind and solar supplying more than 11 percent of global electricity, the company’s debt-induced collapse enabled competitors to strengthen their existing hands or enter new markets…

Investors Are Cherry Picking the Assets of a Fallen Renewable Energy Giant

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