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SunEdison struggling despite global renewable energy boom
http://www.themanufacturer.com/articles/sunedison-struggling-despite-the-global-renewable-energy-boom/[font face=Serif][font size=5]SunEdison struggling despite global renewable energy boom[/font]
Posted on 24 Feb 2016 by Aiden Burgess, Tim Brown
[font size=4]US-based renewable solar energy company, SunEdison, is allegedly facing bankruptcy and its stock has plummeted, down 72% this year.[/font]
[font size=3]Multiple sources including Yahoo Finance and Fortune magazine have reported the company is under pressure financially due to host of compounding issues.
One of the main ramifications and causes of SunEdison’s recent struggles is its loss of a lucrative contract with Hawaiian Electric worth $350m for three large scale solar projects that were earmarked to produce 148 MWh of solar power annually.
Hawaiian Electric recently cancelled the contract and asserted that had concerns about the company’s financial situation and that SunEdison had missed multiple project deadlines.
…[/font][/font]
Posted on 24 Feb 2016 by Aiden Burgess, Tim Brown
[font size=4]US-based renewable solar energy company, SunEdison, is allegedly facing bankruptcy and its stock has plummeted, down 72% this year.[/font]
[font size=3]Multiple sources including Yahoo Finance and Fortune magazine have reported the company is under pressure financially due to host of compounding issues.
One of the main ramifications and causes of SunEdison’s recent struggles is its loss of a lucrative contract with Hawaiian Electric worth $350m for three large scale solar projects that were earmarked to produce 148 MWh of solar power annually.
Hawaiian Electric recently cancelled the contract and asserted that had concerns about the company’s financial situation and that SunEdison had missed multiple project deadlines.
…[/font][/font]