For all those sun baked brains that see salvation in renewable nirvana, the imminent demise of SunEdison
is the latest case that creative green economics is the path to insolvency. After studying the tangled web of cross collateralization
and rehypothecation of debt, the WSJ announcement is inevitable,
SunEdison Said to Be Preparing to File for Bankruptcy. “Solar-energy company
SunEdison Inc. plans to file for bankruptcy protection in coming weeks, a dramatic about-face for a company whose market value stood at
nearly $10 billion in July.”