TerraForm Power, Global in talks with SunEdison over more than $3 billion in claims


On Sunday, TerraForm Power and TerraForm Global both announced that they have begun settlement discussions with SunEdison over more than $3 billion in claims that the two companies have against their sponsor for failing to prioritize the needs of stockholders, interfering with its business and failure to provide timely audited financials.

“TerraForm Power has lost a large part of its enterprise value as a result of SunEdison’s catastrophic breach of its sponsorship and legal duties”, said TerraForm Power Chair of the Corporate Governance and Conflicts Committee Jack Stark. Stark serves in the same role at TerraForm Global, which has filed a nearly identical statement.

TerraForm Power estimates that it has over $1 billion in claims against SunEdison, Global over $2 billion…

Popular content

the rest of this article can be read on the pv magazine USA website.

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.


Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.