Two blurbs this morning about stories that you cannot miss:
- With imminent debt payments, it seems like Sunedison has been outed by a Terraform Global filing that bankruptcy is a risk of the development platform. We’ve known for sometime that corporate debt could lead to some trouble and it is possible that bankruptcy protection is the best way forward to allow the potential to move forward. This is not systemic of our sector but the headlines will surely make it seem “cloudy”, but it is important that we focus on watching our overhead costs and ensuring profits are part of everyone’s plan.
- Earlier this year the board of EEI, the utilities trade association, met to discuss their looming communications challenges. In a poll we covered last week, those challenges are well understood given that 80% of consumers want net metering at or above retail rate and want policy makers to support more solar, including through subsidies. Anyways, the EEI board has hired a branding expert and in a shocking (and annoying) move, will look to rebrand utility scale solar to community solar. Keep your eyes and ears open, whitewashing of anti competitive actions is well on its way.
- Greentech Media: SunEdison Moves Closer to Bankruptcy as Officials Investigate Struggling Solar Company
- Huffington Post: This Messaging Guru Is Helping Utilities Clean Up Their Appearance
- New York Times: Edison International Starts Energy Consultancy
- Bloomberg: Mexico First Power Auction Awards 1,720 Megawatts of Wind, Solar
- Utility Dive: Report – ITC extension to boost storage-plus-renewables by 33%
- Midwest Energy News: Minnesota co-ops rolling out high fixed charge for solar customers
- CleanTechnica: Australian Government Establishes $1 Billion Clean Energy Innovation Fund
- Desert Sun: Study – California could get 74% of power from rooftop solar
Opinion
Have a great day!
Yann