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SunEdison Sped Up $1 Billion Goldman Deal to Reassure Investors

By Tony Seruga

When SunEdison Inc. lost a quarter of its market value in a single day this month, Chief Financial Officer Brian Wuebbels knew he had to do something.

The world’s biggest developer of wind and solar farms is down more than 50 percent in the past month, including a 25 percent plunge Aug. 6 after releasing its second-quarter results.

One of the big concerns for investors is liquidity. With potential plans for more than 50 gigawatts of power plants around the world, SunEdison needs lots of money. To demonstrate that the Maryland Heights, Missouri-based company can pay for all those wind turbines and solar panels it plans to install, Wuebbels fast-tracked several deals, including a $1 billion fund with Goldman Sachs Group Inc…

SunEdison Sped Up $1 Billion Goldman Deal to Reassure Investors

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