The clock is ticking for SunEdison Inc.

Last Modified: Tue Apr 05 2016 22:32:57 GMT+0530 (India Standard Time)
  • $231 million
    The amount TerraForm Global has sued its struggling parent company, SunEdison for on Monday [04-Apr]. TerraForm accused SunEdison of misappropriating funding meant for completing and transferring renewable energy projects in both India and Uruguay.
  • 1,490 MW
    Value in installed capacity terms of the Indian assets of struggling US-based solar developer SunEdison that Indian conglomerate Adani Group is considering buying according to Reuters. Adani has already held talks with bankers over the potential purchase of all local assets of the heavily indebted renewables firm.
  • $11.7 billion
    SunEdison's reported total debt at the end of September, more than double the amount a year earlier, as it bought up wind and solar developers and projects on six continents.
  • 30-Mar-2016
    Deadline to files its 2015 annual report. If it fails to do so, it must reach accommodations with lenders on at least $1.4 billion in loans and credit facilities or face a potential technical default.
  • 92%
    fall in share price from a peak value of $32 in June. The drop is largely on account of its plans to buy Vivint Solar Inc. prompting investors to question its business model and its liquidity. The $2.2 billion deal was delayed, renegotiated down to $1.9 billion and cancelled after SunEdison missed deadlines to close the transaction.
  • $0.72
    SunEdison shares fell below $1 on the morning of 29-Mar-2016, for the first time in the company's history. Two pieces of news -- a warning about imminent bankruptcy protection and reports of an SEC investigation into executives' claims about cash levels -- contributed to the stock price decline.
  • $1.4 billion
    The amount of cash the company claimed it had access to in November, a number that may have been grossly inflated according to the WSJ, prompting an investigation from the Securities and Exchange Commission.