Yet another green-energy company files for bankruptcy. LOL.

[Theowl32]

Renewable energy firm SunEdison (SUNE) filed for Chapter 11 bankruptcy reorganization Thursday in New York, punctuating a tumultuous period in which the company failed to deliver on energy projects it had promised and came under scrutiny for its financial reporting.

The filing does not include its two subsidiaries, TerraForm Power and TerraForm Global, which has sued the parent company over an India power deal that collapsed.

The move, which had been widely expected, also comes as the U.S. Justice Department is investigating the company's accounting practices. A SunEdison board probe recently concluded that executives delivered an "overly optimistic" financial prognosis but made no "material misstatements" and committed no fraud.

The company also piled up debt in recent years amid an acquisition spree. In its bankruptcy filing, SunEdison lists $20.7 billion in assets and $16.1 billion in liabilities, although those figures include its two subsidiaries.

SunEdison files for Chapter 11 bankruptcy

 

[Billy_Bob]

If memory serves, didn't Obama give these clowns about 125 million dollars?

 

[HereWeGoAgain]

Who could have seen this coming?

 

[mamooth]

And how many didn't file for bankruptcy?

Conservativs, as a whole, tend to fail hilariously at basic logic. But then, if they weren't entirely illogical and emotion-based, they'd be liberals.

 

[Old Rocks]

Well, if you read the articles on SunEdison, you would find that the bankruptcy was created through overly aggressive aquirement strategies, not their Green businesses.

 

[Old Rocks]

In the last few years 26 coal companies have gone bankrupt.

http://www.carbontracker.org/wp-content/uploads/2015/03/US-coal-designed-Web.pdf

 

[Old Rocks]

Wind energy in the U.S. is now at 66 gigawatts of installed capacity, according to the report — providing roughly 5 percent of total U.S. electricity demand. 66 gigawatts is enough electricity to power 17.5 million homes (a gigawatt is a billion watts). And, says Jose Zayas, who heads the wind and water power technologies office at the Energy Department’s Office of Energy Efficiency and Renewable Energy, 13 more gigawatts are now “in the construction phase” and set to come online by 2016.

For reference, in 2012, the U.S. had 1063 gigawatts of total installed electricity capacity, according to the Energy Information Administration.

“It really dispels some of the past myths that you cannot have significant amounts of wind energy in the system — a variable source in the system — without really affecting the overall efficiency,” says Zayas.

In the meantime, wind now provides 73,000 jobs, the new report finds. And most striking, it found that the wholesale cost of wind energy — bought under a “power purchasing agreement,” or PPA, in which a utility or company buys power from a wind farm under a long term contract — is now just 2.35 cents per kilowatt hour. That’s the lowest it has ever been.

“At 2.35 cents per kilowatt hour, wind is cheaper than the average price of wholesale electricity in many parts of the country,” says Ryan Wiser of Lawrence Berkeley National Laboratory, a lead author of the new report.

The U.S. wind energy boom couldn’t be coming at a better time

Looks wind, a renewable, is increasing faster than coal is dying.

 

[Old Rocks]

US Solar Market Sets New Record, Installing 7.3GW of Solar PV in 2015

Now if you put that in terms of interest, that would be an astounding graph. There may be a few solar companies out there with problems, but overall, the solar industry in the US is doing great, and doing great things. Kind of ruins your silly OP.

 

[jc456]

Wind energy in the U.S. is now at 66 gigawatts of installed capacity, according to the report — providing roughly 5 percent of total U.S. electricity demand. 66 gigawatts is enough electricity to power 17.5 million homes (a gigawatt is a billion watts). And, says Jose Zayas, who heads the wind and water power technologies office at the Energy Department’s Office of Energy Efficiency and Renewable Energy, 13 more gigawatts are now “in the construction phase” and set to come online by 2016.

For reference, in 2012, the U.S. had 1063 gigawatts of total installed electricity capacity, according to the Energy Information Administration.

“It really dispels some of the past myths that you cannot have significant amounts of wind energy in the system — a variable source in the system — without really affecting the overall efficiency,” says Zayas.

In the meantime, wind now provides 73,000 jobs, the new report finds. And most striking, it found that the wholesale cost of wind energy — bought under a “power purchasing agreement,” or PPA, in which a utility or company buys power from a wind farm under a long term contract — is now just 2.35 cents per kilowatt hour. That’s the lowest it has ever been.

“At 2.35 cents per kilowatt hour, wind is cheaper than the average price of wholesale electricity in many parts of the country,” says Ryan Wiser of Lawrence Berkeley National Laboratory, a lead author of the new report.

The U.S. wind energy boom couldn’t be coming at a better time

Looks wind, a renewable, is increasing faster than coal is dying.

so still insignificant I see.