SunEdison has been in the news a lot lately. After taking a beating in the stock market, over the weekend it was revealed that the company is laying off a significant portion of its workforce. SEC filings later revealed this to be 15% of the global total. On Wednesday morning, SunEdison held a call to explain the short-term restructuring of its operations which it says is due to a "market dislocation" - namely the deep and sustained fall in its stock price and the stock prices of its two yieldcos. In a rapid shift of strategy, SunEdison is not planning to drop any of the projects which it completes in 2016 into either of its two yieldco vehicles. Instead, the company plans to keep most of the projects which it completes in warehouse facilities, supported by investment banking and private equity firms including Goldman Sachs and First Reserve. This will not affect those projects which are in the process of being transferred to TerraForm Power and TerraForm Global, only new projects starting in 2016. The warehouses will allow SunEdison the option of moving these projects into its yieldcos when market conditions improve. Additionally, SunEdison plans to sell 800-1,000 MW of projects in 2016 to third parties, in order to supply a steady flow of cash. "We continue to believe in ...Den vollständigen Artikel lesen ...