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SunEdison files for bankruptcy protection

SunEdison files for bankruptcy protection

In a spectacular collapse that took just nine months, SunEdison filed for Chapter 11 protection Thursday, marking the largest bankruptcy in the history of the renewable energy industry.

“Our decision to initiate a court-supervised restructuring was a difficult but important step to address our immediate liquidity issues,” SunEdison Chief Executive Ahmad Chatila said in a statement. “The court process will allow us to right-size our balance sheet and reduce our debt.”

In July 2015, SunEdison appeared to be riding high, building and operating commercial solar energy projects around the world, including several in Southern California. Its stock market...

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