Green Energy Catastrophe

MARCH 30, 2016
tags: 

By Paul Homewood

 

 

 

  A GOOD REVIEW OF THE LATEST ECONOMICAL DOWNTURN OF RENEWABLE  ENERGY PROJECTS OR COMPANIES AROUND THE WORLD.

 

A round up of today’s energy news from around the world:

 

 

1) SunEdison, The World’s Largest Green Energy Company Is Facing Bankruptcy.

SunEdison, which bills itself as the world’s largest green energy company, may soon file for bankruptcy protection, according to a recent Securities and Exchange Commission filing, as the company faces “liquidity difficulties” despite getting millions in government subsidies.

An SEC filing from TerraForm Global, a unit of SunEdison, claims “due to SunEdison’s liquidity difficulties, there is a substantial risk that SunEdison will soon seek bankruptcy protection.” Both SunEdison and TerraForm are delaying the filing of their annual financial report to the SEC.

SEE FOLLOW UP LINK:

https://notalotofpeopleknowthat.wordpress.com/2016/03/30/green-ener...

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Comment by Pineo Girl on April 9, 2016 at 10:28am

I agree John - It would be an ugly ugly story of greed corruption and fraud!

Comment by John Frary on April 9, 2016 at 8:34am

A young person with scholarly ambitions and patience should set to work at once compiling a draft for "The Encyclopedia of Green Energy Catastrophes." It will take years to complete and run to hundreds of pages.  It will not be a best-seller but it will be a solid and important contribution.  The Greenvisionaries will have moved on to fresh frauds and fantasies by the time the Encyclopedia is completed, but it may be useful to record of their follies for future reference.

Comment by Eskutassis on April 4, 2016 at 1:43pm

The industry seems to be collapsing under it's own weight.  Even the elite who have profited by the rise in wind power are starting to see the fraud and waste this industry has wrought by their greed and lies. The fall of SunEdison will be a harbinger of what is to come.  We can't continue to listen to the shills who openly admit that "green energy" is simply a Robin Hood ploy to steal from the rich and give to the poor.  It's time for the Sheriff of Nottingham to step in. 

Comment by Marie Jane on April 4, 2016 at 12:50pm

Marie Jane says: Recently read that the wealthy countries are going to encourage 3rd world countries to use fossil fuels and wealthy countries will continue the "renewable agenda" sort of keeping all energy technology-balls in the air at once........Bangladesh is now in a 1.5 billion dollar coal agreement with China and a two nuclear power plant agreement with Russia.....I wonder what the U.S. contribution will be or is.............seems a great energy conspiracy at the expense of people around the world, to the benefit of the wealthy few who probably have stock/stakes in all of the above.........

Comment by Monique Aniel Thurston on April 4, 2016 at 12:18pm

yes Pineo Girl and what irks me beyond belief is the public recognition by Bangladesh that , even though being the poster child of the dangers of global warming due to flooding of their rice fields, that they will built more coal plants because it is better for their economy. Same for China and India. 

Comment by Pineo Girl on April 4, 2016 at 12:09pm

Monique - Could it be the house of cards is now collapsing atop itself?  That would be a good thing! I remember when our esteemed President gave China a few hundred million of our tax dollars (as if they haven't stolen most of our economy) to help them develop renewable energy. At the end of his statement he muttered almost under his breath...."renewable energy...including nuclear.  Looks like the Chinese have already been smart enough to figure out what works  - Not Wind!

Comment by Marie Jane on April 4, 2016 at 12:06pm

Marie Jane says:  Great article and I do love this comment from the article and hoping that we will learn.......do lemmings learn?: 

"markl permalink

March 30, 2016 5:19 pm

Will the US see the writing on the wall or will it continue its’ march towards industrial and economy ruination with energy policies that are obviously out of step with reality? Stay tuned, the world is watching.

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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