Bankrupt hit Sunedison Inc (OTCMKTS:SUNEQ) is planning to sell a controlling stake  in one of its Yieldcos TerraForm Global Inc. The embattled solar energy company is planning to use proceeds from the sale, to pay part of its massive debt, as part of ongoing bankruptcy proceedings.

Asset Sales

Discussions on how to proceed with the selloff of Sunedison’s Class B shares have already started  according to a press release on the Yieldcos website. However, the renewable-energy developer has yet to determine how it intends to oversee the sale of the stakes. There are also reports it is considering offloading its controlling stake in TerraForm Power.

The news of the proposed sell-off has already bolstered TerraForm sentiments on the street seen by its Class A shares rallying the most in almost three weeks. Faced with $16.1 billion worth of liabilities SunEdison is aggressively looking for money to pay off its debt. By offloading controlling stakes in the two Yieldcos SunEdison could raise as much as $1 billion. Even with the selloff, the company will still struggle given the weight of its debt.

According to reports the embattled renewable energy company is also planning to sell its Indian assets in a deal that could generate as much as $1.3 billion. Greenko Energy Holdings is believed to be interested in acquiring the assets that include 1,400 Mega Watts of solar and wind power. Other companies interested in acquiring the assets include Adani Power, Hinduja group, Lone Star Funds, and Tata Power Co.

SunEdison Demise

Sunedison Inc (OTCMKTS:SUNEQ) finds itself in the current mess after it failed to achieve growth in the industry at the back of an aggressive acquisition drive. Over the last 10 years, the stock has shed more than 99% in market value while the Standard & Poor 500 Index  has gained 75.1%. The company’s shares were delisted in April from the New York Stock Exchange following the filing of the bankruptcy protection.

Iddriven Inc (OTCMKTS:IDDR) Invites Relevant Personnel To Oxford Computer Group’s Webinar On Increased Security

Iddriven Inc (OTCMKTS:IDDR) has invited all architects, business managers and consultants to attend a webinar, being organized by Oxford Computer Group. The webinar particularly targets IDDR’s Identity Access Management solution, coupled with Microsoft’s Identity Manager. The management of the company has stated that giving appropriate access to employees and partners, while keeping everyone else out is very difficult in the world of internet. However, it is still possible through tight management of identity data. This is possible through a number of identity managers, like AD Connect and Microsoft Identity Manager.

However, identity management alone has not proven to be enough, it needs to be coupled with role management. This is where Iddriven’s cloud based solution comes in. Not only would Iddriven provide protection to data on the user’s servers, but on their cloud storage as well. This is done through an attestation and certification process. Oxford plans to discuss this very same problem and also demonstrate a solution, which combines MIM and Iddriven.

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Steve Kanaval: Portfolio Manager/Writer/ Market Analyst Steve began his career in the Trading Pits in Chicago making markets at the Chicago Mercantile Exchange (NYSE:CME) the Chicago Board of Trade and the CBOE in the early 80’s. He ran the Morgan Stanley Derivative Prop Trading for the firm specializing in Index Arbitrage. He continued his career as a Trader/Portfolio Manager for multiple Hedge Funds during the Internet Boom of the 90’s managing large portfolios. Steve is known as an expert in MicroCap Technology Stocks and the emerging Digital Currency markets as a Portfolio Manager for his Family Office. Steve has managed portfolio’s in volatile asset classes for 3 decades as a commodity trader, hedge fund manager and digital currency trader and miner. Steve publishes his views on the asset classes in a public forum and has published more than 10,000 articles simplifying these complex and volatile assets for readers. His work is published on multiple sites including Bloomberg,,, CryptoCurrencyNews as a paid contributor. His work includes research, journalism and archived video on important market volatility related to stocks, digital currency and other volatile misunderstood asset classes. He offers a humorous, unique insight and the related back stories and drivers for readers interested in volatility and emerging market assets. Full disclosure Steve is long 25 digital currencies and sits on the board of multiple public companies involved in digital currencies, and owns shares in these companies from time to time.