Shareholder Voice: SunEdison (SUNE) is the new Enron!

We are group of over 1000 shareholders both U.S and International. We are seeking justice. We are actively searching for media’s help to get our voices heard. SunEdison is the new Enron!.........SunEdison executives claim to be hopelessly insolvent and have not been required to provide any financial documentation to substantiate those claims. Only general statements by SunEdison executives have been provided in court regarding current Equities.

https://www.equities.com/news/shareholder-voice-sunedison-sune-is-t...

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Paul "First Wind" Gaynor's Longroad looks to be bridge between pension funds and US renewables

All of Longroad’s top team worked at First Wind before SunEdison’s acquisition....... Gaynor and his team founded the company to take advantage of what he sees as an enormous opportunity to help bring more deep-pocketed institutional investors into the US renewables market. Investors like pension funds often want to own “long-lived, relatively low risk” assets, like renewables plants........Longroad, then, intends to forge relationships with a variety of such big investors.......

http://www.rechargenews.com/wind/1209647/longroad-looks-to-be-bridg...

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Comment by arthur qwenk on February 1, 2017 at 5:55pm

"Enron East"  was prominently displayed  as a protest sign almost 9 years ago by wind warriors against the Rollins Wind Project in Lincoln,Me. and against the Stetson Wind project .

How right they were!

Comment by Robert Powers on January 30, 2017 at 2:22pm

Paul Gaynor and his associates will think nothing about stabbing someone in the back to make a  dollar....he has done it for years, and is surrounded by investment bankers and attorneys that help him do whatever it takes...

Comment by Eric A. Tuttle on January 30, 2017 at 11:10am

From the article:

The core business model is “develop and flip”, Gaynor says, and “on the development side we’re fully funded”.

Isn't flipping, buying low, selling high before others realize they may have bought something worth less than it seemed to be?

Comment by Barbara Durkin on January 30, 2017 at 9:57am

Intended to write, first sentence, I guess this is what happens when risk averse banks reject wind and solar. 

Comment by Barbara Durkin on January 30, 2017 at 9:55am

I guess this is what happens when risk averse wind and solar.  As retirement draws closer, investment strategies should change to reduce risk.

Note the claimed "first renewable energy pension fund" was launched in London during October of 2015.  By June of 2016, they became insolvent.  

World’s first renewable energy pension fund launched in the UK

22.10.2015

 

The first pension fund investing solely in renewable energy was launched in UK. The picture shows a wind park off the coast of North Wales. (Photo: dpa)

The world’s first pension fund investing solely in renewable energy was launched today in London. The announcement came from Abundance (link is external), the ethical peer-to-peer investment platform. UK residents will be able to choose where to put their money, selecting among the UK renewable energy projects offered on the Abundance website. 

The self-invested personal pension (SIPP) is proposed in partnership with UK SIPP provider European Pensions Management Ltd, which will operate as trustee and administrator, while Abundance will be the point of contact for customers. A minimum of 5,000 GBP will be requested in the first 12 months. The scheme will benefit from tax advantages and be subject to access restrictions before the age of 55, in compliance with national regulations

http://www.sunwindenergy.com/review/worlds-first-renewable-energy-p...

European Pensions Management enters administration

www.pensionsage.com/.../European-Pensions-Management-enters-administration.php...

Jun 23, 2016 - European Pensions Management Ltd has entered into special administration insolvency proceedings.

Comment by Eric A. Tuttle on January 29, 2017 at 9:14pm

Whereas Gaynor was in the past, part of a company that received bailout monies and still went through bankruptcy, he should through any association be a disqualifying factor for his employer or business from receiving taxpayer funding whether or not they have or had in the past. I would think that the SEC would be all over that company. 

Comment by Brad Blake on January 29, 2017 at 9:05pm

Gaynor was part of Enron Wind.  We wind warriors predicted all of this for the last 8 years ever since First Wind reared its ugly head.  Always scamming to the next bail out.  My belief is any company that takes taxpayer money, and these crooks have lived off taxpayers, should be required to give the fullest financial disclosure possible.

Comment by Penny Gray on January 29, 2017 at 12:52pm

History repeats itself?

Comment by Robert Powers on January 29, 2017 at 11:20am

Paul Gaynor is a crook...and should be in jail with many others from the UPC First Wind staff.

They need to be investigated exposed and there needs to be an end production tax credits....

Comment by Dan McKay on January 29, 2017 at 8:34am

"All of Longroad’s top team worked at First Wind before SunEdison’s acquisition, with Gaynor then spending a year as SunEdison’s executive vice president for global utility development before the wheels came off the US renewables giant."

Why am I reminded of the saying, "There's a sucker born every minute. " ?

401K alert.

Hannah Pingree on the Maine expedited wind law

Hannah Pingree - Director of Maine's Office of Innovation and the Future

"Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine."

https://pinetreewatch.org/wind-power-bandwagon-hits-bumps-in-the-road-3/

 

Maine as Third World Country:

CMP Transmission Rate Skyrockets 19.6% Due to Wind Power

 

Click here to read how the Maine ratepayer has been sold down the river by the Angus King cabal.

Maine Center For Public Interest Reporting – Three Part Series: A CRITICAL LOOK AT MAINE’S WIND ACT

******** IF LINKS BELOW DON'T WORK, GOOGLE THEM*********

(excerpts) From Part 1 – On Maine’s Wind Law “Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine if the law’s goals were met." . – Maine Center for Public Interest Reporting, August 2010 https://www.pinetreewatchdog.org/wind-power-bandwagon-hits-bumps-in-the-road-3/From Part 2 – On Wind and Oil Yet using wind energy doesn’t lower dependence on imported foreign oil. That’s because the majority of imported oil in Maine is used for heating and transportation. And switching our dependence from foreign oil to Maine-produced electricity isn’t likely to happen very soon, says Bartlett. “Right now, people can’t switch to electric cars and heating – if they did, we’d be in trouble.” So was one of the fundamental premises of the task force false, or at least misleading?" https://www.pinetreewatchdog.org/wind-swept-task-force-set-the-rules/From Part 3 – On Wind-Required New Transmission Lines Finally, the building of enormous, high-voltage transmission lines that the regional electricity system operator says are required to move substantial amounts of wind power to markets south of Maine was never even discussed by the task force – an omission that Mills said will come to haunt the state.“If you try to put 2,500 or 3,000 megawatts in northern or eastern Maine – oh, my god, try to build the transmission!” said Mills. “It’s not just the towers, it’s the lines – that’s when I begin to think that the goal is a little farfetched.” https://www.pinetreewatchdog.org/flaws-in-bill-like-skating-with-dull-skates/

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