SunEdison Won’t Stop Solar

Solar Energy Will Thrive

David Sandalow, May 3, 2016 (NY Times)

“Solar power is booming…[I]nstallations grew at least 28 percent last year…[The industry now employs more than 200,000 workers – roughly three times as many as the coal mining industry…SunEdison’s troubles were mainly the result of rapid growth and excessive debt. Many solar companies with better managed growth and modest leverage will prosper in the years ahead…The growth of solar energy will be driven by three factors….[First and most important, costs] have fallen roughly 80 percent since 2007 and are projected to keep falling…Second, governments around the world strongly support solar power…[because it] produces neither local air pollutants nor heat-trapping gases…Third, integrating solar and wind power into electric grids is proving easier than many thought…[But the SunEdison bankruptcy is a reminder that because] the solar industry has high capital expenses and low operating expenses, low-cost capital will be especially important to its long-term success…” click here for more

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