SunEdison plans to file for bankruptcy

Solar energy company SunEdison plans to file for bankruptcy protection in the coming weeks, according to Dow Jones Newswires.

It's a dramatic turn for the Saint Peters-based company, which had a market value of nearly $10 billion in July.

In the Chapter 11 filing, creditors are likely to take control of the company and its portfolio of power projects, sources told the news service.

Read more from Dow Jones Newswires.