Deals
SunEdison Creditors Won’t Block Plan to Sell Clean-Energy Assets
- D.E Shaw cancels deal stemming from First Wind acquisition
- SunEdison filed biggest U.S. bankruptcy of the year in April
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SunEdison Inc., the bankrupt clean-energy giant, has eliminated a hurdle in its efforts to sell some projects in Hawaii and California.
D.E. Shaw & Co. and Madison Dearborn Capital Partners agreed not to block the planned sale, and the three companies are canceling a December agreement that had called for SunEdison to transfer some assets to them, but was never completed. Maryland Heights, Missouri-based SunEdison outlined the resolution in a bankruptcy court filing Sept. 4 and plans to present it to U.S. Bankruptcy Judge Stuart Bernstein on Sept. 8 for his approval.