In a move that appeared inevitable for months, commercial-scale solar pioneer SunEdison filed for Chapter 11 bankruptcy protection on April 21. The news grabbed clean-tech industry and general business headlines for sure, but I've been struck by how little splash it's made in the broader realm of national attention, particularly politics.
This is one of the largest bankruptcies involving a non-financial company.
Blame the "hyper-growth" strategy.
Late last year my colleagues and I visited a remote village in rural Rajasthan, India. We were greeted by village leaders offering fresh flower garland necklaces while a joyous collection of enthusiastic, young boys beat drums and tins of all sizes in the background.
If India continues to expand its solar energy sector with such ambitious plans, favorable state policies, and reinforces its investor friendly track, it will definitely become a global solar power leader.
"Freshkills was once the site of the largest landfill in the world," Bloomberg said. "Soon it will be one of the city's largest
In recent years, several corporate energy managers have told me that when they run the numbers on renewables, the payback just isn't quick enough. I'd suggest running the numbers again.
What our friends at CGD clearly don't understand is that decades of pouring billions into grid extension have failed Africa.