SunEdison Files for Chapter 11 Bankruptcy Protection
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.
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)
