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.
Since filing the largest US bankruptcy of 2016, SunEdison Inc. has hosted the biggest-ever sale of renewables assets. It’s shed at least $1 billion of assets from Southern California to Chile to India—some through record-breaking dealsincluding projects that would have died without new owners. With wind and solar supplying more than 11% of global electricity, the company’s debt-induced collapse enabled competitors to strengthen their existing hands or enter new markets. Read More…
Credit By : Livemint
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