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SunEdison Inches Closer to Bankruptcy, TerraForm Global Says

  • `Substantial risk that SunEdison will soon seek bankruptcy'
  • SunEdison faces potential default for failing to file report
Contractors install 1248 photo voltaic modules on top of a Kohl's Department Store roof June 2, 2010 in Hamilton Township, N.J.. The project is part of a SunEdison Corporation contract with Kohl's, a nation-wide department store.
Photographer: Robert Nickelsberg/Getty Images
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SunEdison Inc., the worst-performing clean energy company, may be on the verge of seeking bankruptcy protection, according to a regulatory filing by a holding company it controls, TerraForm Global Inc.

“Due to SunEdison’s liquidity difficulties, there is a substantial risk that SunEdison will soon seek bankruptcy protection,” TerraForm said in the filing Tuesday.