The worst kept secret in solar and Wall Street was the imminent Chapter 11 filing by Sunedison. Trading at 1% of their stock price from a year ago, the fall looks like a culmination of bad management decisions. With $16billion of liabilities in the filing, it had nothing to do with the solar industry and everything with an inability to pay liabilities. I like the people at Sunedison and I was hoping that this would not happen. What bothered me the most about the messaging is that the blame is being put on the capital markets (see #4). Don’t blame an industry that is growing and going well for the failure, we never asked you to become a ‘supermajor’.
- Bloomberg: SunEdison’s Filing Leaves the Renewable Energy Industry Unfazed
- Fortune: SunEdison’s Epic Failure Had Little to Do With Clean Energy
- Greentech Media: The US Solar Market Is Now 1 Million Installations Strong
- Think Progress: We Fact-Checked A High-Profile Article On Climate And Energy. It Wasn’t Pretty.
- EDF: The Supreme Court Continues a Trend of Protecting Competitive Markets. Here’s Why it Matters for Ohio.
- Forbes: Emerging Markets Draw Solar Developers
- Utility Dive: Indiana Supreme Court rules to keep lawmaker-utility emails private
- Renew Economy: Rooftop solar gets cheaper finance with first green bond in Australia
Opinion
Have a great day!
Yann