Yesterday after the market closer, David Einhorn from Greenlight Capital sold around 11million of his Sunedison shares between $0.29 and $0.37 per share. Clearly not a winning trade for the hedge fund but better to get out now before a probable imminent bankruptcy filing. So when some in the media label Sunedison as taxpayer funded, make sure to tell them about the hedge funds, private equity funds and private capital that funded the corporation because I doubt that any of the tax equity is going to be at risk in the proceedings. It will be messy for sure but I doubt any taxpayer dollars will have been misappropriated in this case.
- Bloomberg: SunEdison’s Complex Finances Make Potential Bankruptcy `Messy’
- Greentech Media: Regulators Reject Third-Party-Ownership Petition in North Carolina
- Vox: How cheap does solar power need to get before it takes over the world?
- Renew Economy: New report shows 100% renewable by 2030 can save Australia money
- Rocky Mountain Institute: “Community Storage” Is a New Way to Think About Reducing Grid Costs
- Utility Dive: Utilities should join us in working toward a 21st century rate design
- PV-Tech: FERC to assess distributed solar-plus-storage impact on wholesale markets
- Sun Herald: NC regulators reject solar test of electricity monopoly law
Opinion
Have a great day!
Yann