And another one bites the dust

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Just goes to show that without large government subsidies (ie: your and my money collected as taxes) alt.energy is always a failing proposition for baseline generation.

From Yahoo/Finance:

SunEdison to file for bankruptcy as early as Sunday night -source
Solar energy company SunEdison Inc is preparing to file for bankruptcy as early as the evening of April 17, a person familiar with the matter said on Friday, nine months after its market value had reached $10 billion.

A SunEdison spokesman declined to comment.

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. The company's market value as of Friday was $117 million.

The sooner we stop trying to promote solar and wind, the sooner we can get cheap electricity again. alt.energy is a financial rat-hole - money spent on it is money wasted.

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About this Entry

This page contains a single entry by DaveH published on April 17, 2016 3:00 PM.

Crap - RIP Dr. Bill Gray was the previous entry in this blog.

About that online contest is the next entry in this blog.

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