Wednesday, June 26, 2013

Wind energy firm files Chapter 7 as lawsuits pile up

 The disfavor of wind energy is spreading.
Faced with mounting lawsuits by customers, suppliers and Minnesota's attorney general, Excelsior-based Renewable Energy SD has filed for Chapter 7 bankruptcy.
The Star Tribune has details on the Friday filing, which lists $15.9 million in debts and $6.2 million in assets from Renewable Energy, which has been accused of selling farmers faulty wind turbines. Farmers complained that turbines were never delivered or, if they were, didn't work properly. 
Continue reading...[Minneapolis St.Paul Journal]

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