Global Warming on Free Republic here, here and here
Posted on 04/21/2016 7:39:10 AM PDT by Olog-hai
U.S. solar energy company SunEdison Inc. filed for Chapter 11 bankruptcy protection on Thursday, becoming one of the largest non-financial companies to do so in the past 10 years.
Once the fastest-growing U.S. renewable energy developer, SunEdison embarked on an aggressive acquisition strategy that left it struggling with $12 billion in debt.
In its bankruptcy filing, the company said it had assets of $20.7 billion and liabilities of $16.1 billion as of Sept. 30.
Although solar project developers such as SunEdison continue to benefit from robust demand, their shares have been hit by investor concerns that demand could fall in tandem with weak oil prices. …
(Excerpt) Read more at reuters.com ...
Yes, blame Big Oil for their woes.............................
Erf day is coming up. Save the erf!
[Once the fastest-growing U.S. renewable energy developer, SunEdison embarked on an aggressive acquisition strategy that left it struggling with $12 billion in debt.]
Ah, bad business decisions. Just like AIG.
Too important to fail!
Too important to the Prius-driving-$250,000/yr-hard-working-professors to fail!
How can the Dems launder their campaign donations if they go under?
Mark my words, they’ll get a bailout and then the bankruptcy will be kicked down the road 18months, then bankruptcy...there will be a couple $Mil unaccounted for which is in either the 0bama museum or Clintooon Foundation.
Okay, so now both the biggest US coal company (Peabody) and the biggest US solar company are both in bankruptcy. Can these jackasses in DC please get the hell out of the energy market?
It’s the unaccountable executive branch bureaucracy, whose existence is not supported by the Constitution. They should be summarily ignored by businesses, every last department of them; one problem is, the crony businesses are in full support of them.
How many tax dollars were flushed down that environmentally correct toilet? Guess the Lefties didn’t want to announce this latest failure tomorrow, on Oops Day.
Just be patient. Congress is working on a new energy bill as we speak. Gubmint will fix everything, just you wait and see.
SunEdison continue to benefit from robust demand means forced use by taxpayers resulting in a much higher bill.
SOLAR ENERGY my bumpersticker said in 1977
Been trying to make to work since I was a kid.
Failure......
Move on...
Years ago, my brother (who worked for Shell) told me that capital expenditure is the biggest detriment to energy management.
One refinery costs over 20B to produce (assuming it ever gets approval).
Probably the same thing with Solar but without the eventual financial benefit.
SunEdison CEO: Ahmad Chatila
Need we say more! Isn’t this diversity wonderful! These people come here with the sole purpose to rip us off!
Kind of like Obama’s job numbers but no word about 94 million people out of work.
Take it out of Hussein Obama’s salary. When that runs out, take it out of his retirement account. When that runs out, take it out of his Secret Service Protection account.
“”assets of $20.7 billion and liabilities of $16.1 billion as of Sept. 30.””
Hmmmmm - wonder what those figures are now?
Global Warming on Free Republic here, here and here
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.