SunEdison to invest in Riverstone-backed Silver Ridge Power

SunEdison has agreed to acquire a 50 percent stake in Silver Ridge Power from The AES Corp. No financial terms were disclosed for the transaction, which is expected to be completed in late June 2014. Riverstone will continue to hold the remaining 50 percent stake in SRP. Headquartered in Arlington, Virginia, SRP is a global solar power firm.

30 FBI Agents Search Solyndra Offices, Lawmakers Probe Solar Company’s $535M Loan Guarantee

(Reuters) – FBI agents searched the offices of Solyndra on Thursday, the U.S. solar startup that received millions of dollars in federal loan guarantees before filing for bankruptcy this week.

The search comes amid intensifying pressure on the Obama administration, which championed Solyndra as being at the forefront of solar technology when President Barack Obama visited the company’s Fremont, Calif., facility in 2010.

The FBI said it was searching for materials, including documents, but did not offer more specifics.

“We are executing search warrants at Solyndra regarding …

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