SunEdison Inc. doused indications that the bankrupt renewable energy developer and TerraForm Power Inc. are coming closer to settling disputes stemming from their tumultuous legal and financial relationship, the Wall Street Journal reported today. SunEdison said in a statement yesterday that a presentation made to TerraForm Power investors last week was lacking in key details about cards SunEdison says that it still holds in the ongoing talks. SunEdison cautioned that negotiations are in early stages and that it is still reviewing critical information, including a settlement proposal TerraForm Power has already circulated to major players in SunEdison’s bankruptcy. TerraForm Power and TerraForm Global Inc., the so-called “yieldcos,” are publicly traded offshoots of SunEdison that were created to help finance big energy projects. The yieldcos bought SunEdison’s renewable energy projects, ensuring a steady stream of cash to SunEdison investors, but have since taken center stage in SunEdison’s bankruptcy.
