SunEdison's Complex Finances Make Potential Bankruptcy `Messy'
- Biggest developer had $11.7 billion in debt in September
- `It’s going to add much more complexity than normal'
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SunEdison Inc.’s potential bankruptcy would be the biggest ever in the renewable-energy industry, and the largest U.S. failure in more than a year. It also promises to be more complicated than most.
The world’s biggest clean-power developer had total debt of $11.7 billion as of Sept. 30, the last comprehensive figure it reported, after a two-year buying binge of wind and solar assets on six continents. The company is preparing to file in New York, according to a person familiar with the matter.