Alternative Energy Play Sun Edison bites the Dust

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Alternative Energy Play Sun Edison bites the Dust

SunEdison, world’s largest Alternative Energy firm -Bankrupt

This is one of the top stories for the week. It could prove to be of interest to you, so we are posting an excerpt of it below, and then we will continue with the main story. He showed people pictures known to arouse positive feelings (say, a Ferrari, or a pizza), those certain to stir up negative feelings (a mutilated face or dead cat) and those known to produce neutral feelings (a plate, a hairdryer). Meanwhile, he recorded electrical activity in the brain’s cerebral cortex that reflects the magnitude of information processing taking place. The brain, Cacioppo demonstrated, reacts more strongly to stimuli it deems negative. There is a greater surge in electrical activity. Thus, our attitudes are more heavily influenced by downbeat news than good news. Negative Thinking: How It Influences The Masses

“We are still not convinced that Gold is fully out of the woods.  Peter Schiff is busy telling everyone that it was a bad idea to have sold Gold in 2011, and that it would $2,000 by 2009 and $5000 by 2013.  We beg to differ for the trend indicates otherwise, and so does the price of Gold;  Gold never traded to $2000, let alone $5000 in the stated time frames.   He is coming out with scary scenarios though they are not as grandiose as James Sinclair’s scenario that calls for Gold to move to $50,000 an ounce. Even, when we dream we find it hard to envision such a price, so it is interesting that he can come up with such targets without being under the influence of some strong medicine. “

Until this most recent news, many in the solar industry were holding out a thread of hope that bankrupt SunEdison could somehow recover and continue in a diminished but intact capacity.

That does not appear to be the case.

According to a report in SparkSpread, SunEdison’s restructuring agent, Rothschild, is “soliciting bids for the bankrupt company’s asset portfolio in what is expected to result in an outright liquidation of the developer.”

That’s an approximately 4-gigawatt to 5-gigawatt collection of operating and development assets, according to reports.
Assets will be bundled by geography.

SunEdison has not made a final decision on liquidating its portfolio, according to SparkSpread, but it appears that the renewable energy developer is unlikely to refinance and re-emerge from this self-inflicted financial implosion.

GTM sources suggest that at least 1 gigawatt of SunEdison’s projects are under construction and expected to come on-line sometime in 2016. Full Story

 

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