Yes, blame Big Oil for their woes.............................
[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?
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.
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