AS Published on Friday 9 October 2015 - n° 128 - Categories:miscellaneous financial
SunEdison, the world's number one power plant installation company, is going through a very bad patch.
The sharp drop in the UK feed-in tariff that will take effect from1 January 2016 has already prompted SunEdison to lay off 939 employees at its subsidiary Mark Group. A further 226 employees could follow if the subsidiary bought in July does not find a buyer.
PV Magazine of 8 October
The fall in SunEdison's share price has been deep and sustained. Between July and the end of September, SunEdison's share price fell 80% from a high of $33.45 to $8.14 and TerraForm Power's share price fell 49%. This forced the group's management to change their plans:
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