See the following two articles.
It sure sounds like a 'margin call' to me. After selling First Wind assets to SUNE for megabucks the hedge funds that originally owned FW just took back some of those assets for pennies. What surprises me is that SUNE is a public corporation and yet they can keep the names of projects sold private? SUNE shareholders ought to be storming the gates and demanding the immediate replacement of all SUNE management.…Continue
Maine's highest court has issued an opinion interpreting Maine's laws governing wind energy project development. The opinion is noteworthy for its analysis of two areas of Maine wind energy law -- those designed to expedite the…Continue
This morning the Maine Supreme Judicial Court issued its decision denying Champlain Wind LLC's appeal concerning a permit for its Bowers Wind Project in Carroll Plt and Kossuth Twp. Champlain Wind is a subsidiary of Maine's largest wind developer, First Wind. The decision marks the end of a six year process of hearings and appeals which pitted the wind developer against local residents, professional guides, traditional sporting camp owners and loyal visitors to Maine's famed Downeast Lakes…Continue