Although embattled SunEdison faces a number of lawsuits, the attempt by billionaire David Tepper’s Appaloosa Management to block TerraForm Power from buying a large volume of residential PV assets from Vivint Solar – a central element of SunEdison’s planned Vivint acquisition – was seen as the most significant.
Appaloosa, which owns a large minority stake of TerraForm, argues that the yieldco should not be in the business of owning residential PV assets, as the power off-takers – homeowners – are less creditworthy than those throughout the rest of the electricity industry.
SunEdison's
