Can SunEdison Recover From Its Slump?

Energy Gang

Wood Mackenzie

Tech News, Environment, Sustainability, Innovation, Renewable Energy, Technology, Alternative Energy, Energy, News, Cleantech, Wind Energy, Business, Climate Change, Solar Energy

4.6 • 1.3K Ratings

🗓️ 8 October 2015

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

It's been a tough summer and fall for the world's biggest renewable energy developer. Since SunEdison announced its acquisition of Vivint Solar in July, the company's stock price has fallen by 70 percent. Just this week, executives announced they are laying off 15 percent of the company's workforce -- amounting to a cut of around 1,000 people. How did a leading renewable energy company riding so high earlier in the year reverse course so quickly? In this week's podcast, we'll discuss the factors behind SunEdison's recent woes and look at its new plan to get back on track. Later in the show, we'll provide updates on Exelon's bid to buy up Pepco, Shell's decision to abandon Arctic drilling, and some energy bills making their way through Congress. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0	For the week of October 8th, 2015, this is the Energy Gang from Green Tech Media. Welcome to the show. This week we are going to discuss Sun Edison's woes. In just
0:21.0	a few months the company's stock has dropped by 70% and now executives are being
0:25.3	forced by the market to rethink their strategy for creating the world's next energy
0:29.3	super major.
0:30.3	Then an update on some very important stories we've previously covered.
0:34.0	Exelon's derailed 6.8 billion dollar acquisition of Pepco is back on track in DC.
0:39.0	Shell has officially abandoned offshore drilling in the Arctic,
0:42.0	and there's been lots of action on energy
0:44.0	bills in Congress. We'll have a quick recap of those. I'm Stephen Lacey, a senior
0:48.8	editor with Green Tech Media in Washington, D.C. here to help guide you through those stories.
0:53.7	Catherine and Jigger are going to be here in just a few minutes, but first I turn to my boss,
1:00.0	my friend, our GTM co-founder and CEO Scott Klevena, he's here to give us a quick update on
1:05.3	some things that we've been working on for a while behind the scenes.
1:08.3	So for those who've been on the site in the last couple of weeks, they might notice something different, a redesign, but we also have content that you have to pay to access.
1:17.0	So are you telling me, Scott, that our site isn't free anymore?
1:21.0	Did you just force me and our attention hungry editors
1:24.8	behind a paywall?
1:26.7	No, we didn't.
1:27.4	We didn't, Stephen.
1:29.0	The world can still enjoy your daily news.
1:32.2	What we did was take a page out of you know some other sites
1:37.4	something that's been going on in the industry that the media industry for a
	...

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