SunEdison Inc. — the Maryland Heights, Mo.-based solar energy company that once ranked as the world's biggest renewable energy developer — announced Friday that it had emerged from chapter 11 protection as a newly reorganized, private firm, the St. Louis Post-Dispatch reported. Emergence has been on the horizon since July, when the Bankruptcy Court of the Southern District of New York approved the company's plan of reorganization. The company first entered the chapter 11 process in April 2016 and proceeded to sell $2.3 billion in assets, including its interests in prized affiliates, TerraForm Power Inc. and TerraForm Global Inc. A company press release on Friday said that, "SunEdison emerges with a significantly smaller footprint and will continue to focus on monetizing its remaining assets."
