South Africa: Uncertainty over future of SunEdison projects
Issue 321
- 15 Apr 2016
| 1 minute read
With the US’ SunEdison hovering on the brink of bankruptcy there is uncertainty about the future of its projects in South Africa. The company was a major winner in the expanded fourth round of the renewable energy independent power producer procurement (REIPPP) programme, where it was awarded five projects with combined capacity of 371MW. SunEdison has accumulated more than $11bn debt and is being sued by TerraForm Global, a publicly traded holding company it created to buy and own operating wind and solar farms, known as a yieldco.
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