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SunEdison, Inc. (formerly MEMC Electronic Materials) is a renewable energy company headquartered in the U.S. In addition to developing, building, owning, and operating solar power plants and wind energy plants, it also manufactures high-purity polysilicon, monocrystalline silicon ingots, silicon wafers, solar modules, solar energy systems, and solar module racking systems.
In April 2008, Ireland-based NTR purchased a majority stake in Stirling Energy Systems for $100M. [2] As of 8/3/2011 NTR reported they were seeking 3rd party investment in Stirling Energy Systems. [3] On 29 September 2011 Stirling Energy Systems filed for Chapter 7 bankruptcy, due to falling PV prices caused by subsidized Chinese Photo Voltaic.
SunEdison filed for Chapter 11 bankruptcy protection on April 21, 2016, but was able to complete the project on time with its receipt of $300 million in bankruptcy debt financing. [13] On September 13, 2016 the company was forced to sell its stake in the completed facilities in a fire sale. NRG Energy was the successful bidder. [14]
According to a report released by S&P Global Market Intelligence, there were 591 bankruptcy filings as of Nov. 30 this year, just behind 2020's tally of 603 in the same period. By comparison ...
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Global Clean Energy Holdings (OTC:GCEH) is a Southern California-based renewable energy company with interests in the production and commercialization of non-food-based feedstocks used for the production of biofuels, biomass, and renewable chemicals. It was founded in 2007.
Pink Energy claims it has more than $138 million in debts and at least $100 million in assets, according to court documents. The Charlotte Business Journal first reported on the bankruptcy filing.
Tonopah Solar Energy filed for bankruptcy on July 30, 2020. [19] Pending the approval of the bankruptcy court, a $200 million settlement with the remaining debtors — Tonopah Solar Energy LLC and ACS Cobra — for the return of taxpayer dollars was also announced at the end of July 2020. [31]