SunEdisons Chapter 11 bankruptcy, under which the company is allowed to reorganize, is looking more like a file sale under new CEO and Restructuring Officer John S. Dubel.
Last week the carving up of the worlds largest renewable energy developer continued with a bankruptcy court approving a private sale of SunEdisons Australian business and a portion of its global channel sales business to Californias Flextronics.
SunEdisons channel business sells PV systems and equipment to residential and commercial customers in the United States, EU, Latin America and Australia. The assets purchased consist of contracts, intellectual property, equipment and inventory used int he business.
Flextronics currently manufactures PV modules for SunEdison, as well as manufacturing batteries for an Australian company.
RenewEconomy had previously reported the value of the sale at $8.7 million, which would make it one of the smaller portions of SunEdisons empire being auctioned off. Tomorrow a bankruptcy court will decide whether or not to approve a schedule for the sale of 2.1 GW of solar and wind projects to NRG.