SEC investigates SunEdison


It is hard to get into more trouble than falling from the world’s largest clean energy developer to a bankrupt company selling off assets and business lines under the control of a professional restructuring agent, while fending off large numbers of lawsuits.

However, SunEdison has done just that, revealing last night in an 8-K that it has received a formal demand for information from the U.S. Securities and Exchange Commission (SEC).

Specifically, SEC is seeking “production of certain emails and other electronic communications sent or received by certain current and/or former directors and/or officers” of SunEdison and its two yieldcos, TerraForm Power and TerraForm Global.

This follows what SunEdison describes as an “informal” SEC inquiry in March. SunEdison further notes that it has received supoenas from the U.S. Department of Justice (DOJ), but it is unclear whether SunEdison is referring to new subpoenas or the ones that it received on March 28.

The brief filing by SunEdison indicates that the company and its board continue to cooperate fully with both DOJ and SEC.

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:

Popular content


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Your email address will not be published.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.