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; Editing by Saumyadeb Chakrabarty)