SunEdison

NRG Energy has taken action to acquire 2.1 GW of utility-scale wind and solar assets owned by bankrupt renewables giant SunEdison with a $144 million auction bid this week. New Jersey–based NRG Energy on Sept. 12 executed a purchase and sale agreement (PSA) to take on 200 MW of SunEdison’s construction-ready, fully contracted solar assets […]

In 2000, the world had installed just 1 GW of solar photovoltaic (PV) capacity (in DC terms—see the sidebar, “AC or DC?”), a number that had surged to 39 GW by 2010 and 176 GW in 2014. Fueled by

Two renewables giants with a hefty global reach are facing debilitating financial crises. SunEdison on the Verge of Bankruptcy California-headquartered solar project developer SunEdison, a company that has 1,000 operational sites worldwide and is staffed by 3,000 employees, is facing a liquidity crisis so dire, the company’s yieldco TerraForm Global warned in a March 29 […]

Distributed energy firm Vivint Solar has terminated an agreement under which it would have merged with renewables giant SunEdison in a $2.2 billion deal. The Lehi, Utah–based company told investors on March 8 that it had delivered a letter notifying SunEdison that the merger agreement had been terminated, owing to SunEdison’s “failure to meet obligations” […]

Renewables giant SunEdison will acquire emerging distributed energy firm Vivint Solar’s 523-MW rooftop solar portfolio in a $2.2 billion acquisition deal that signals momentum for the business model that has challenged the bottom lines of traditional utilities. SunEdison and Vivint Solar signed a definitive merger agreement on July 20. It will involve the acquisition of Vivint […]

As I write this column at the beginning of spring, I have two kinds of spring fever: excitement about warming temperatures that bring spring flowers and the “hay fever” caused by tree pollens. I have mixed feelings about spring. I mention this only because the power industry is experiencing a spring fever of its own. […]

Here are selected thought-provoking (and even unexpected) comments made by presenters at the 10th annual MIT Energy Conference on Feb. 27 and 28 in Cambridge, Mass. Comments are summarized and paraphrased unless presented in quotes. For more on the event, see “Exelon: The Utility of the Future Views Change as Enabling, Not Disruptive” and the […]