SunEdison Not Looking at a Sunny Future

Solar energy giant SunEdison Inc. was growing by leaps and bounds until recently. Now, many of their projects are in danger and they are looking at bankruptcy. One of the solar plants now in jeopardy is one in central Texas. SunEdison was initially planning to self-finance the project, but will now need to make alternative funding arrangements.

While SunEdison won’t discuss its unfinished deals, company releases and news reports suggest that the company has many projects in development which range from massive power plants to smaller rooftop projects.

SunEdison was, until recently, the nation’s fastest growing renewable energy developer. They are now, however, $12 billion in debt. Their shares have fallen 98% in the last 12 months.

Learn more about the situation and what the future may bring for SunEdison.