The World's Largest Renewable Energy Developer Could Go Broke (huffingtonpost.com)

An anonymous reader quotes a report from The Huffington Post: There is a "substantial risk" that SunEdison may file for bankruptcy, the world's largest renewable energy developer said in a regulatory filing on Tuesday. The company's fall isn't a referendum on the solar industry as a whole, as much as it is on SunEdison's aggressive growth strategy fueled by excessive debt and financial engineering, analysts say. SunEdison "just thought they were smarter than everyone else," said David Levine, the founder and CEO of Geostellar, a solar energy marketplace that has done deals with the company.
SunEdison loaded up a total of $11 billion in debt to develop or acquire renewable energy projects. The company's shares have fallen steeply since they hit a high of $30 in July. They were at just $1.26 before the filing. The stock immediately dropped another 40 percent when the market opened after the filing, and the company was trading at just $0.59 by Tuesday lunchtime.

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Some states ban sales of solar power

[jsse]

Contrary to the believes of most posts above, solar energy actually works, and it works to an extend that households could sell the excessive power back to the energy companies. Traditional energy companies thus lobby for banning of sales of power by individual households or corporations. Florida, which is supposed to have plenty sunshine for solar powering, are one of the four states imposed such ban for protection of monopolization. Well, they used "inefficient energy production" in lobbying. Sadly, Federal Government backed it, because solar panels were mostly made by China, and promotion of the use of solar panels would probably deepen the trade deficits.

Traditional energy companies ruled that renewable energy companies must not survive in US. You have better chance in other countries. RIP.