SunEdison: A Timeline of the Biggest Corporate Implosion in US Solar History


"SunEdison:
A Timeline of the Biggest Corporate Implosion in
US Solar History"

Breaking: Vivint Solar pulls out of the SunEdison merger,
citing a ‘willful breach’ of the agreement.

We are witnessing the end, or perhaps the remaking, of SunEdison, briefly the world's largest renewables developer -- and now the destroyer of $10 billion in market value.

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Comment by Paula D Kelso on March 10, 2016 at 7:26pm

Hi Eric,

I certainly take your point. With the goal of the expedited law of 8,000 MW of nameplate capacity, at an average efficiency of 35% that is a measly 2800 MW generated. Here in Clifton, if they put up their 5 turbine, 9MW facility at a likely 25% efficiency, that's a measly 2.25 MW.  Of course real numbers measuring wind from their met towers are proprietary information, so they can lie through their teeth.

Should have included one more statistic. If Maine is the recipient of 17.5% of the world wide wind development of this humongous conglomerate, I have two conclusions. One, Maine is a gullible guinea pig and two, Sun Edison is a lot more hype than real world results.

Fair Warning!  From tonight's Fox news, Obama and his attorney general are exploring the option of legal actions against 'climate change deniers'. Equating it, apparently with the tobacco industry denying health effects of cigarettes.

Comment by Eric A. Tuttle on March 10, 2016 at 6:00pm

Capacity or actual verifiable average generated output that has been purchased ? Most corporations fudge the numbers and round up when bragging to promote. How would the public ever know when there is no honesty or even honest oversight record keeping ?  Every 1.6 rounded up to 2.0 times a thousand turbines leaves you with a 20% error in reporting. 

Comment by Paula D Kelso on March 10, 2016 at 4:54pm

An FYI from info from Sun Edison website:

Sun Edison says it has more than a one gigawatt of wind energy in the US.

That gig plus is from Terra Form and is actually  1.254 GW or 1254 MW.

Of that 1254 MW, 219 is in Maine. Bull Hill is 34.5, Mars Hill is 42, Rollins is 60, Stetson I is 57, and Stetson II is 25.5 MW.

Of that 1254 MW in the US, 219 is in Maine, 160 in New York, 40 in Vermont, 386 in Illinois, 181 in Nebraska, 187 in Texas, and 81 in Hawaii.

I think it helps to know the numbers behind the big statements. Put things into some perspective.

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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