SunEdison receives 100 bids but ‘sum of parts’ well below debt levels

Renewables firm SunEdison currently in Chapter 11 bankruptcy proceedings said in a SEC filing that it had received around 100 bids for parts and all assets of the company, yet the ‘sum of the parts’ equated to approximately US$1.25 billion to US$1.7 billion of potential total gross proceeds, far below incurred debts estimated at almost US$12 billion, excluding its two yieldco’s.

Sky Solar still focused on building PV power plant projects in Japan

Independent PV power producer Sky Solar Holdings has reported relatively flat third-quarter revenue as it remained conservative in its capital allocation for building PV projects, while continuing to focus on completing projects in Japan, due to its financing partnerships in the country.