Quote:
Originally Posted by scottw
and that was before this just the other day...
NEW YORK – SunEdison, a renewable energy company once billed as North America’s largest provider of solar energy, is planning to file for bankruptcy this week in yet another green-energy debacle likely to cost the U.S. taxpayer in excess of $3 billion.
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SunEdison fell victim to a bad business strategy, it had nothing to do with the viability of renewable energy. Filing for Chapter 11 doesn't mean they go out of business. They actually have some very good projects in the pipeline, just too much debt. They'll negotiate on debt, probably restructure reducing headcount a lot and come out looking a bit different.
Big picture it's still a blip in the larger shift to clean technologies.
I'd note also that you guys seem fixated on clean energy. Have you ever looked into the much larger subsidies afforded the carbon industry and how many of those businesses have fared?
