Thai oil and energy company Bangchak will acquire the unit for roughly $82 million, according to local Thai publication The Nation.
SunEdison has been selling assets as shares have tanked more than 90% from their peak in July on investors' concern about the company's high amount of debt.
SunEdison's debt load hit $11.7 billion at the end of the third quarter, according to Bloomberg. Last year, the company acquired a number of businesses including wind companies, a solar panel installer and battery solar startup.
Separately, TheStreet Ratings team rates the stock as a "sell" with a ratings score of D.
SunEdison's weaknesses include its generally high debt management risk, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.
You can view the full analysis from the report here: SUNE
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.SUNE data by YCharts