The major question here is , Will This Scamming Company made of llcs, yieldcos and potentially fraudulent hedge fund manipulations even be able to pay their wind bills to towns , lease holders and others required of projects in Maine in the future?
How does DEP even dare allow projects to be approved based on adequate "Financial capacity" projections , which is a DEP requirement for project permit approval in Maine??
Major financial publications, at least those that go beyond printing SunEdison's press releases verbatim, are referring to SunEdison as a "House of Cards". This is appropriate on two levels:
In this article, The Motley Fool's Travis Hoium explains how SunEdison is vulnerable to a raising cost of debt service coupled with a falling stock price. Over the past 30 days SunEdison stock has lost 60% of its value and lowering the cost of servicing its $10.7 BILLION in debt (as of June 31.2015) doesn't even qualify as a pipedream.
We can only hope that First Wind henchmen Paul Gaynor (formerly Enron), Kurt Adams (former Chair, Maine PUC), Angus King 3rd (son of Obama crony AK), Jim Cassida (formerly DEP) and others are heavily invested in SunEdison stock!
Sure, with the stock price in the dumps there are going to be buyers (esp SunEdison directors and employees) but as they say "even a dead cat bounces". For the latest see: Sunedison (SUNE) marked as a dead cat bounce stock
This story ought to be shared widely. SunEdison has launched an all-out propaganda tsunami to mask the truth. Consider for example the "article" that ran in Windpower Monthly just yesterday (8/24) entitled "Analysis: SunEdison heading for renewables 'supermajor' status". I guess they had to put 'Analysis' in the title to mask the fact that the article is a product of professional wind energy cheerleader, Ros Davidson. See her scorecard in theCarbon Capture Report.