Unknown Author
January 23, 2026
Sidley Represents OYA Renewables in Chapter 11 and Sale Proceedings

2 min
AI-made summary
- Sidley is representing OYA Renewables Development LLC and seven affiliates in their November 2024 Chapter 11 bankruptcy filings in the U.S
- Bankruptcy Court for the District of Delaware
- OYA, a Boston-based solar project developer with U.S
- and Canadian affiliates, cited project delays and litigation as causes for its liquidity issues
- The company plans to market and sell various solar projects, is seeking debtor-in-possession financing, and has received a stalking horse bid from Radial Power LLC.
Sidley is representing the debtors with respect to the November 2024 Chapter 11 filings of OYA Renewables Development LLC and seven affiliates in the U.S. Bankruptcy Court for the District of Delaware. With affiliates in both the United States and Canada, OYA is a Boston-based developer of large-scale commercial solar projects and an independent power producer. In their filings, the OYA debtors disclosed their plans to continue to market and sell an assortment of multi-state solar project developments, while blaming factors such as project delays and litigation for OYA’s liquidity crunch. OYA is in the process of approvals for debtor-in-possession (DIP) financing and a stalking horse bid for several of the projects by Radial Power LLC. In a Law360 article published November 7, Duston is quoted as noting that “The third-party stalking horse is the culmination of sales and marketing work through most of the year, and other interested parties will have overbid and separate package opportunities in the proceedings.” Duston McFaul and Maegan Quejada are leading the Sidley cross-office team, which includes Nate Elner, Chelsea McManus, Ian Ferrell, Veronica Courtney, and Hayden Ross Golemon (Restructuring); Jessica Adkins, Ashley Moulder, and Caroline Drennen (Energy Transactions); and Brian Minyard, Sara Daniel, and Katy Yu (Energy Finance).~~Sidley is representing the debtors with respect to the November 2024 Chapter 11 filings of OYA Renewables Development LLC and seven affiliates in the U.S. Bankruptcy Court for the District of Delaware. With affiliates in both the United States and Canada, OYA is a Boston-based developer of large-scale commercial solar projects and an independent power producer. In their filings, the OYA debtors disclosed their plans to continue to market and sell an assortment of multi-state solar project developments, while blaming factors such as project delays and litigation for OYA’s liquidity crunch. OYA is in the process of approvals for debtor-in-possession (DIP) financing and a stalking horse bid for several of the projects by Radial Power LLC. In a Law360 article published November 7, Duston is quoted as noting that “The third-party stalking horse is the culmination of sales and marketing work through most of the year, and other interested parties will have overbid and separate package opportunities in the proceedings.” Duston McFaul and Maegan Quejada are leading the Sidley cross-office team, which includes Nate Elner, Chelsea McManus, Ian Ferrell, Veronica Courtney, and Hayden Ross Golemon (Restructuring); Jessica Adkins, Ashley Moulder, and Caroline Drennen (Energy Transactions); and Brian Minyard, Sara Daniel, and Katy Yu (Energy Finance).
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