SunEdison set up TerraForm Global at the height of its powers in 2015 to act as a home for its operating developments in emerging markets such as India and Latin America, complementing its domestic yieldco TerraForm Power.

Both publicly-listed yieldcos watched at arm’s length as SunEdison tipped into Chapter 11 bankruptcy in April, and began a wide-ranging effort to sell assets that could reduce its $8bn of debts.

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