...SunEdison house of cards follows the same pattern of the crooked First Wind operation that cooked the books for years...
Few know UPC First Wind so well as First Wind project neighbors, James Hall and his lovely wife, Judi, along with Alice, the most incredible and tireless researcher, and other concerned citizens at Cohocton Wind. They delivered the goods on First Wind years ago and they're going strong. God Bless Them!
April 25, 2007, (UPC IS FIRST WIND):
Complaint Filed With the Department Of Justice Under the Sherman Antitrust Act By Concerned Citizens From The States of New York, Vermont, Maryland, and California (filed April 25, 2007)
A complaint against "UPC Wind Management LLC: "an American subsidiary of UPC Group", formerly known as Wind Management LLC, founded by Brian Caffyn for U.S. developments.", is filed with the U.S. Department Of Justice. The complaint filed under the Sherman Antitrust Act by 94 concerned citizens alleged a cartel was engaged in Market Allocation, Price Fixing, Big Rigging in Wind Farm Developments in New York and Vermont, as well as other states across the nation.
For all those sun baked brains that see salvation in renewable nirvana, the imminent demise of SunEdison is the latest case that creative green economics is the path to insolvency. After studying the tangled web of cross collateralization and rehypothecation of debt, the WSJ announcement is inevitable, SunEdison Said to Be Preparing to File for Bankruptcy. “Solar-energy company SunEdison Inc. plans to file for bankruptcy protection in coming weeks, a dramatic about-face for a company whose market value stood at nearly $10 billion in July.”
Take the tour of the SunEdison: A Timeline of the Biggest Corporate Implosion in US Sola..., and understand that the solar and wind industry is founded on a Ponzi scheme of investor hype and government subsidies. Forbes investigates the convoluted and intertwined relationship in Reconsidering The SunEdison YieldCos, TerraForm Power And TerraForm....
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