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Solar developer SunEdison in bankruptcy as aggressive growth plan unravels
2016-04-21 15:31:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: SunEdison Inc (SUNE.N), once the fastest-growing U.S. renewable energy company, filed for Chapter 11 bankruptcy protection on Thursday after a short-lived but aggressive binge of debt-fueled acquisitions proved unsustainable. In its bankruptcy filing, the company said it had assets of $20.7 billion and liabilities of $16.1 billion as of Sept. 30. SunEdison's two publicly traded subsidiaries, TerraForm Power Inc (TERP.O) and TerraForm Global Inc (GLBL.O), are not part of the bankruptcy. In a...
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Category:Electronics and Electrical