SunEdison’s two yieldcos have taken a big step towards freeing themselves from their bankrupt parent, signing a memorandum of understanding with SunEdison outlying potential legal settlements and agreeing to negotiate exclusively with Canada’s Brookfield Asset Management on its buyout offers.
TerraForm Power and TerraForm Global on Monday announced they have signed non-binding accords with SunEdison pointing the way towards a resolution of their complex web of legal entanglements stemming from SunEdison’s 2016 bankruptcy.
