Sunedison may have filed bankruptcy but the saga is just beginning. We get the first glimpse at the suppliers that are owed money. What is not yet entirely clear is if the creditors are global or just the US. Regardless, it is disheartening to see growing startups like NEXTracker and Grid Alternatives owed millions and taken advantage of. I can see the immediate reverberation in the sector coming in the forms of supply terms being tightened up.
Wakeup Highlights – David Crane, former CEO at NRG, has joined Pegasus Capital Advisors. A high profile addition for the mid-market private equity firm, maybe a sign of the sector they are targeting. Utilities apparently spent $400million in political influence. Nobody ever said that monopolies are cheap to maintain…
- PV-Tech: SunEdison’s upstream suppliers hit hardest with US$321 million owed in bankruptcy
- Greentech Media: Grid Alternatives Sues SunEdison for $2.3 Million in Unpaid Donations
- New York Times: China Curbs Plans for More Coal-Fired Power Plants
- PV-Magazine: Ontario IESO Announces Temporary Suspension of the microFIT Program
- Utility Dive: Report – Big US utilities shelled out $400M in political spending
- AEE: Facilitating Utility-Solar Collaboration on Net Metering in New York
- GreenBiz: Clean tech and innovation – Solar Impulse’s view from 10,000 feet
- Huffington Post: Billionaire Has A $25 Million Plan To Get Young People Voting For Climate Action
Opinion
Have a great day!
Yann