SunEdison emerges with a significantly smaller footprint and will continue to focus on monetizing its remaining assets
SunEdison filed for bankruptcy protection in April of this year, and has been struggling to reorganize ever since.
SunEdison, the solar developer that was the darling of the solar industry for several years, filed for Chapter 11 bankruptcy in April of this year.
To facilitate this restructuring, SunEdison and certain of its domestic and international subsidiaries have filed voluntary petitions for reorganization under chapter 11 of the U.S. Bankruptcy Code in the Bankruptcy Court for the Southern District of New York.
The parties have agreed that the acquisition of Latin America Power by SunEdison will not be completed.
Towards this goal, SunEdison is selling its Kuching, Malaysia silicon wafer production facility…