SA’s Department of Energy in a quandary as SunEdison files for bankruptcy protection
Author: CHRIS YELLAND & PIERRE POTGIETER
International solar giant SunEdison (NYSE: SUNE; OTC: SUNEQ) has nine solar photovoltaic projects in South Africa, six of which form part of the fourth bid window (and extension) of the Department of Energy (DoE) Renewable Energy Independent Power Producer Procurement (REIPPP) programme, and are awaiting financial closure.
Two Yieldcos established by SunEdison, TerraForm Power (NASDAQ: TERP) and TerraForm Global (NASDAQ: GLBL), in which SunEdison had major shareholdings and management control, are not included in the filing. Neither, apparently, is its South African subsidiary, SunEdison Energy Southern Africa.
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