US-based renewable solar energy company, SunEdison, is allegedly facing bankruptcy and its stock has plummeted, down 72% this year.
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…
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