SunEdison Files for Chapter 11 Bankruptcy Protection

Energy Reuters

Solar energy company SunEdison Inc filed for creditor protection on Thursday, making it one of the largest bankruptcies by asset value involving a non-financial company in a decade.

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Once the fastest growing U.S. renewable energy developer, SunEdison embarked on an aggressive acquisition strategy that left it struggling with $12 billion in debt as of Sept. 30. (Reporting by Arathy S Nair and Amrutha Gayathri in Bengaluru; Editing by Saumyadeb Chakrabarty)

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