Reuters reported:
Solar developer SunEdison in bankruptcy as aggressive growth plan unravels
SunEdison Inc, 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 and TerraForm Global Inc, are not part of the bankruptcy. In a statement, the companies, known as yieldcos, said they had sufficient liquidity to operate and that their assets are not available to satisfy the claims of SunEdison creditors.
The bankruptcy “will present challenges,” however, including with financing agreements for certain projects, the yieldcos said.
http://www.progressivestoday.com/shocker-another-green-energy-company-just-declared-bankruptcy/