On-Site Power, Renewables, Solar

Crius Energy Plans Purchase of SunEdison Assets

SunEdison Files for Chapter 11 Bankruptcy

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.