SunEdison settles Latin America Power case for US$28.5 million

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
SunEdison has settled its dispute with Latin America Power (LAP) case for US$28.5 million. Source: SunEdison.

SunEdison has settled its dispute with Latin America Power (LAP) for US$28.5 million. The planned acquisition has now been cancelled.

A statement by SunEdison confirmed that upon payment, the arbitration process between the two will end and the case at the New York court will be dismissed.

SunEdison pulled out of the planned acquisition in October 2015 telling PV Tech at the time that LAP had failed to meet all the necessary conditions. The deal was to include 613MW of solar, wind and hydro in Chile and was worth US$700 million.

Read Next

December 9, 2021
Investment firm KKR has launched a new utility-scale solar and energy storage development platform, dubbed Stellar Renewable Power.
May 3, 2018
US-headquartered high-efficiency solar module manufacturer SunPower Corp has announced that its long-term Executive Vice President and Chief Financial Officer, Charles D. Boynton would leave the company on July 1 for other career opportunities.
January 17, 2018
Dealing with module warranties from out of business manufacturers is a standard problem in today’s market, according to representatives from an advisory firm that oversaw one of the largest renewable energy deals to date.
January 3, 2018
The long and painful saga of SunEdison’s fall from grace would seem to be at an end after the renewables firm officially emerged from Chapter 11 bankruptcy on December 29, 2017.
December 18, 2017
Vortex has sold a 45% stake in its former SunEdison-built solar portfolio in the UK to Malaysia’s second-largest pension fund Kumpulan Wang Persaraan (KWAP).
August 2, 2017
TerraForm Power has confirmed that its acquisition by Brookfield remains on track.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
December 21, 2021
Free Webinar
Solar Media Events
February 1, 2022
London, UK
Solar Media Events
February 23, 2022
London, UK
Solar Media Events
March 23, 2022
Austin, Texas, USA
Solar Media Events
March 29, 2022
Lisbon, Portugal

PV TECH POWER VOLUME 29 OUT NOW—Get 35% off your first year

Solar’s 2030 blueprint