Financial Online Journal, Agencies
The American renewable energy group, SunEdison, filed for bankruptcy proceedings in the US, known as Chapter 11.
“The decision to initiate this restructuring process has been difficult, but it is important to address our immediate liquidity problems step,” said Ahmad Chatila, CEO of SunEdison.
“this process It will allow us to properly size our balance sheet and reduce our debt, while providing us the opportunity to continue working in the future development of the business and focus on our strengths. also, it will facilitate the work to transform SunEdison in a more efficient company -desprendiéndonos asset not estratégicos- and take new steps to maximize the value of our technological advantages. As a result of this process, we expect to reposition the company, “he added.
As detailed by Bloomberg the fact came after reaching an unmanageable debt, which would have skirted the US $ 11,700 million, derived from the purchase of wind and solar projects worldwide.
the company informed the US regulator SEC, which has assets of US $ 20,700 million and total liabilities of US $ 16,100 million at 30 September .
it is recalled that last month, according to the Wall Street Journal, the solar company would be investigated by the Securities and Exchange Commission (SEC) for exaggerating its liquidity position.
in Chile
the American company has strong presence in Chile. in 2013, signed a construction contract (EPC) with the company E-CL to build the Solar Plant photovoltaic the eagle in the region of Arica.
in 2014, it closed a US $ 190 million Corpbanca and other entities to finance Latin America’s largest solar plant. In September of that same year, SunEdison announced a sale of long-term energy with Antofagasta Minerals, through Javiera photovoltaic project (69.5 MW DC) operations of Minera Los Pelambres.
the company plans to invest some US $ 1,500 million in the country.
in June last year, the company announced that it secured funding and began the construction of the plant of photovoltaic solar energy “Quilapilún “which will have an installed capacity of 110 MW and will be located in the municipality of Colina, Region Metropolitana
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