The business model that felled what was once the world’s biggest renewable energy company is alive and making money in Britain.
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.
Solar energy company SunEdison said it hopes to secure financing by pledging assets ahead of expected bankruptcy proceedings.
Vivint Solar was supposed to be part of SunEdison by now. Instead, the residential solar installer is seeking to accelerate construction and financing efforts that flagged during the failed $1.9billion takeover bid.
SunEdison plans to sell a facility in Malaysia and well as a manufacturing plant in Texas.