SunEdison in new court battle from spurned Latin America Power - reports

Facebook
Twitter
LinkedIn
Reddit
Email
LAP wants these assets frozen ahead of SunEdison’s claimed imminent bankruptcy.

Energy developer Latin America Power (LAP) has filed a suit in a New York court to secure US$150 million in project assets from SunEdison, after the planned purchase of LAP fell through due to SunEdison’s financial woes, according to reports.

Court documents filed by LAM claim SunEdison is very close to bankruptcy and that actions by SunEdison include hiding assets in “undisclosed parties and affiliates in order to shield them from creditors”.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

LAP wants these assets frozen ahead of SunEdison’s claimed imminent bankruptcy, while LAP proceeds with a claim in arbitration for US$150 million for SunEdison reneging on the acquisition deal. 

SunEdison is facing court proceedings from hedge fund Appaloosa Management and a string of class action law suits.

Read Next

Premium
July 3, 2025
Meeting the UK’s solar targets will not simply require the installation of new capacity, but investment in grid infrastructure and training.
June 24, 2025
Imbalances in investment mean that action will be needed if the solar industry is to help meet the world’s climate change targets.
June 19, 2025
Boralex is driving organic growth across Canada, the US, France, and the UK, fueled by a project pipeline totalling 8GW.
June 17, 2025
The World Bank has approved a loan of around US$600 million to support the development of 540MW of new solar and wind capacity in Indonesia.
June 5, 2025
Policy uncertainty in the US is likely to disrupt investment in clean energy, according to a recent report from Crux.
June 5, 2025
Investment in clean energy and grids will reach US$2.2 trillion in 2025, double the expected investment into fossil fuels this year, according to data from the International Energy Agency (IEA).

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 22, 2025
Bilbao, Spain
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK