Equity Interests In Utility Project Companies
Listing Information
Equity Interests In Utility Project Companies
Price: $144,000,000.00
Created: 08/12/2016
Category: Business Property > Investments > Partnership interests/ LLC/LLP
Sale Location: New York, New York
Sale Date: Fri. Sep 9, 2016
Debtor's Attorney
4 Times Square
New York, NY 10036
212-735-3882
Case Title: SunEdison, Inc., et al.,
Court: New York Southern Bankruptcy Court
Chapter: 11
View Case Docket
Description
Sale Of Equity Interests In Certain North American Utility Project Companies, describe as below:
The Company is in the business of developing, constructing, financing and selling solar, wind and other renewable energy systems across the following business units: (i) residential and small commercial (“RSC”); (ii) large commercial and industrial (“C&I”); (iii) utility scale (“Utility”); (iv) global asset management (“GAM”); and (v) the Solar Materials Business Unit.
As part of the Utility business, the Sellers own certain direct or indirect (as applicable) equity or membership interests (the “Equity Interests”) in project companies (the “Project Companies”) owning certain utility scale projects (the “Projects”). The Projects are held through the Project Companies comprised of each of the Utah/Development Group, the Hawaii Group or the Buckthorn Group, respectively.
- The Utah/Development Group owns Equity Interests in the following Projects for $111,200,000: (i) Enterprise Project, the 108 megawatt (“MW”) DC solar power project located in Iron County, Utah; (ii) Escalante I Project, the 108 MW DC solar power project located in Beaver Country, Utah; (iii) Escalante II Project, the 108 MW DC solar power project located in Beaver County, Utah; (iv) Escalante III Project, the 108 MW DC solar power project located in Beaver County, Utah; (v) Granite Mountain East Project, the 80 MW AC solar power project located in Iron County, Utah; (vi) Granite Mountain West Project, the 50.4 MW AC solar power project located in Iron County, Utah; (vii) Iron Springs Project, the 80 MW AC solar power project located in Iron County, Utah and owned by Iron Springs Solar, LLC, an indirect whollyowned subsidiary of SunE Wind Holdings, Inc.; (viii) Jupiter Project, the 329 MW DC solar power project located in California and owned by California Jupiter, LLC, a wholly-owned subsidiary of First Wind California Holdings, LLC; (ix) Somerset Project, the 85 MW AC wind power project located in Maine and owned by Somerset Wind, LLC, a wholly-owned subsidiary of Somerset Wind Holdings, LLC; (x) Rattlesnake Project, the 150 MW AC wind power project located in Washington and owned by Rattlesnake Flat, LLC, a wholly-owned subsidiary of Rattlesnake Flat Holdings, LLC; and (xi) County Line Project, the 449 MW AC wind power project located in Maine and owned by Greenmountain Wind, LLC, a wholly-owned subsidiary of Greenmountain Wind Holdings, LLC.
- The Hawaii Group owns Equity Interests in the following Projects for $17,000,000: (i) Waiawo (Waipio) Project, the 64 MW DC solar power project located in Waipio, Hawaii (the “Waipio Project”) and owned by Waipio PV, LLC, an indirect wholly-owned subsidiary of SunE Hawaii Solar Holdings, LLC; (ii) Mililani II (Lanikuhana) Project, the 19 MW DC solar power project located in Mililani, Hawaii (the “Mililani II Project”) and owned by Lanikuhana Solar, LLC, an indirect wholly-owned subsidiary of SunE Hawaii Solar Holdings, LLC; (iii) Kawailoa Project, the 66 MW DC solar power project located in Kawailoa, Hawaii and owned by Kawailoa Solar, LLC, an indirect wholly-owned subsidiary of First Wind Solar Portfolio, LLC (the “Kawailoa Project”); (iv) Waiawa Project, the 65 MW DC solar power project located in Waiawa, Hawaii and owned by SunE Waiawa Solar, LLC, a wholly-owned subsidiary of SunE Waiawa Holdings, LLC; and (v) Mililani South I Project, the 27 MW DC solar power project located in Mililani, Hawaii and owned by Welawela Solar, LLC, an indirect wholly-owned subsidiary of First Wind Solar Portfolio, LLC.
- The Buckthorn Group owns Equity Interests in the Buckthorn Project for $15,800,000, the 200 MW DC solar power project located in Texas and owned by Buckthorn Westex, LLC, an indirect wholly-owned subsidiary of Buckthorn Renewables Holdings, LLC.
Financial Overview
Additional Details
- Auction Time: 10:00 a.m.
- Sale Hearing: September 15, 2016 at 10:00
- Bid Deadline: September 6, 2016