SunEdison Cuts Back on Development, Work Force to Drive Profits

SUGAR LAND--October 8, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--Solar and wind power company SunEdison (NYSE:SUNE) (Maryland Heights, Missouri) has cut back its project development guidance for 2016 by 20% as part of its cost-cutting moves. The company said it now expects to develop 3.2 to 3.7 gigawatts (GW) next year, compared with its earlier guidance of 4.2 to 5.6 GW. Industrial Info is tracking 39 SunEdison projects worth $6.21 billion.

Within this article: Details of SunEdison's quarter, restructuring plans and projects, including the expansion of a windfarm near Lockney, Texas.