D.E. Shaw and China's GCL looking to buy TerraForm Power: reports

In the latest twist in the post-bankruptcy saga of SunEdison, New York-based D.E. Shaw, a long-time associate and partial owner of SunEdison, is actively mulling a bid for the Class B shares in TerraForm Power, Reuters reported.

The Class B shares are SunEdison’s single most valuable asset at this point, giving it 84% of the voting rights in TerraForm Power. The yieldco owns nearly 3GW of operating wind and solar capacity, most of it in the US, and carries a market capitalisation of nearly $1.9bn.

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