BOING !!!! One of biggest players in NC solar biz bounces a tiny check
Sun Energy1 is arguably one of the world’s biggest players in the renewable energy field. THAT is why it was surprising to see this:
Charlotte area-based Sun Energy1 is arguably one of the world’s biggest players in the renewable energy field. (They sponsor NASCAR.) In North Carolina, most of their projects are clustered in the northeastern corner of the state. Some are in the western mountain counties.
D&B Hoovers estimates the company’s revenue to be in the ballpark of $350 million.
In 2017, North Carolina ranked second nationally to California in adding new solar power capability. North Carolina has about 1000 “clean energy” companies — a fact that many attribute to the generous benefits found in the state’s Renewable Energy Portfolio.
Maybe that company has operations in Ontario, Canada and is taking it on the chin as the new provincial Conservative government under Doug Ford is standing up for ratepayers, taxpayers, and neighboring property owners by ending the special privileges of the wind and solar special interests. They immediately cancelled over 700 wind and solar projects that were in the pipeline when they took over last year, and have since repealed the Green Energy Act that had subsidized wind and solar and given it exemptions from local planning control. Ford made ending the wind and solar boondoggle a centerpiece of the Conservative campaign in the provincial election last year and flipped a 50 to 28 Liberal majority to a 71 to 7 Conservative majority in Canada’s most populous and most industrialized province (major city – Toronto).