Crius Energy Plans Purchase of SunEdison Assets

SunEdison sign

Crius Energy Trust planned the acquisition of certain assets from SunEdison Inc. by its subsidiary, Crius Solar LLC.

The proposed acquisition includes SunEdison’s proprietary residential solar lead-generation program, customer lead databases, marketing materials and human capital. The purchase agreement provides for a one-time payment to SunEdison of $1.5 million. Closing is subject to customary conditions precedent, including approvals by the SunEdison bankruptcy process.

SunEdison filed for Chapter 11 bankruptcy in April.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...