BDN - SunEdison to file for bankruptcy as early as Sunday, source says
Such a move would represent a fall from grace for the former darling of Wall Street and the renewable energy sector, whose rapid, debt-fueled expansion with solar and wind energy plants around the world proved unsustainable.
In January 2015, SunEdison acquired First Wind, which built multiple projects in Maine. In December, the company sold its Oakfield and Bingham wind projects in order to have cash on hand.
It also is part of a joint proposal with Emera Maine and Central Maine Power for new transmission projects that would connect to other proposed wind farms.
http://bangordailynews.com/2016/04/15/energy/sunedison-says-its-see...
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Comment
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Comment by Eric A. Tuttle on April 16, 2016 at 12:20pm
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@ K Campbell. I just posted my comment here to the BDN however still not seeing yours. Did you need to log on to Disqus first possibly ?
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Comment by K Campbell on April 16, 2016 at 11:50am
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Thanks for posting this. I added a comment to the BDN article, but it's pending moderator approval. Has anyone else commented - so far there is only one showing on the site. Are they now moderating all comments or just those related to wind energy?
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Comment by Marshall Rosenthal on April 16, 2016 at 10:17am
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This is how the renewable energy house of cards collapses. It is held together with lies and carbon credits and tax credits. When the subsidies evaporate so will the rest of this parasitic scam.
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Three southern New England states would pay for the transmission projects in order to help meet (Their states) renewable energy goals.
This is NOT for the Benefit of Maine when we have already exceeded by more than double our Green (renewable) Energy Mandate from the Feds.
This is about the southern New England States being allowed to have cheap energy produced in Maine to bring their electrical rates down, while Maine pays a higher cost for the energy it needs, of which in the form of fossil fuels a large portion returns south as electricity.
For all our green production we are still slammed for an excess of CO² contribution, and seems to be the major headline that keeps us in the line of fire to create more commercial wind farms, with little or no efforts put toward home or farm wind production the way most Maine protesters would like to see wind be utilized.
And now the Solar issue, another gateway to tweaking any new statutes to benefit corporate production ? A toe in the door ?
Commercial Wind and the future commercial Solar need to be stopped or prevented, and allow Net Metering do its job. The job of meeting Maine's local need with the excess generation to be placed onto the grid system. Though not profitable for some, it is a better concept of working for the common good.
Maybe it is time to Regulate Conservation of Electrical usage by mandating conversions to more efficient devices, and home insulations, also a technology that is improving that should be co-existing with the new technologies of generation and transmission.
If they can insulate a spaceshuttle with materials that can contain the heat of molten steel I think there may be an industry in need of producing these types of materials in an environmentally friendly way even if the profit margin is low.
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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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/
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