SWFI First Read, April 3, 2016
SunEdison Plans to File for Bankruptcy Protection
The once darling of hedge funds and other institutional investors, solar-energy company SunEdison Inc., plans to file for bankruptcy protection in future weeks. SunEdison became one of the largest developers of renewable power plants in the United States by taking advantage of cheap funding and financial engineering by utilizing yieldcos. In July 2016, SunEdison had a market capitalization approaching US$ 10 billion. As of April 1, 2016, the market capitalization dwindled down to US$ 136 million.
Øystein Olsen Seeks to Apply for 2nd Term as Norges Bank Governor
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