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SunEdison to file for bankruptcy as early as Sunday night - source

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The headquarters of SunEdison is shown in Belmont, California April 6, 2016. REUTERS/Noah Berger

(Reuters) - Solar energy company SunEdison Inc (SUNE.N) is preparing to file for bankruptcy as early as the evening of April 17, a person familiar with the matter said on Friday, nine months after its market value had reached $10 billion.

A SunEdison spokesman declined to comment.

Such a move would represent a fall from grace for the former darling of Wall Street and the renewable energy sector, whose rapid, debt-fuelled expansion with solar and wind energy plants around the world proved unsustainable. The company's market value as of Friday was $117 million.

The source cautioned that the timing of the bankruptcy filing had not been finalised and asked not to be identified because the plans were not public.

SunEdison, which had debt of about $12 billion as of...


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