The world’s largest renewable energy developer, SunEdison, may be on the verge of filing for bankruptcy protection after it was revealed that it is reportedly being investigated for overstating its financial stability.
SunEdison has had an aggressive acquisition history, but those buyouts have left it with $11 billion in debt, Reuters reported.
“SunEdison is having more than its share of troubles,” Deutsche Bank wrote in an announcement that it was suspending its ratings of both SunEdison and its parent company, TerraForm Global.
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Source: COMPUTER WORLD