Big news is that a judge cleared the way for the Vivint acquisition by Sunedison to proceed. If you recall, this was challenged by Hedge Fund Manager David Tepper. The Vivint shareholders led by majority shareholder Blackstone quickly approved the deal causing Sunedison stock to rise on the news. The next step is the drop down of those project assets into Terraform which may or may not be easier than it sounds or originally intended. The solarcoaster continues for the companies as the public markets create more pressure.
- Fortune: Here’s Why SunEdison’s Stock Is Jumping 30%
- Bloomberg: Judge Clears Way for SunEdison’s $1.9 Billion Vivint Deal
- EDF: Regulators Take First Step to Ensure New York’s Distributed Energy Future is Clean
- PV-Magazine: Update – Foxconn deal for Sharp delayed, tolls death knell for its solar business
- Renew Economy: The 40 Australian towns that could, and should, quit the grid
- Greentech Media: 46 States Took Policy Action on Solar in 2015
- Utility Dive: Compromise in Mississippi partially restores state regulators authority over co-ops
- VICE: The US Said India’s Solar Power Plan Discriminates Against American Companies — And the WTO Agrees
Opinion
Have a great day!
Yann