Wind firm sued by state of Minnesota files Chapter 7 bankruptcy

  • Article by: Steve Alexander , Star Tribune
  • Updated: June 24, 2013 - 8:51 PM

Renewable Energy SD had been prohibited by a court from continuing to sell in Minnesota.

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theagonybhoJun. 24, 13 5:10 PM

Why is anything green, solar or renewable followed by bankrupt or lawsuit.

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benleeJun. 24, 13 6:13 PM

@ theagonybho, The green indu$try is not viable without government $ubsidie$, LOTS of gvernment $ub$idie$. For the most part they are failed companies that live only for government largesse. The 0bama administration has direct government "investments" in certain private renewable energy companies (major campaign donors), many of which failed. These subsidies, not only for the green industry but ALL subsidies, must end for the good of our economy.

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supervon2Jun. 24, 13 7:07 PM

The only wind energy is the Liberals blowing about how they will take your money and make things "better". Don't let them get their hands in your pockets-ever.

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rmagnusJun. 24, 13 7:29 PM

Renewable Energy was located in the building that formerly housed the South Lake Minnetonka Police Department. Maybe 80 yards to the west in the car wash that was owned by one of the Petters Conspirators, and used as a mail drop for the Petters fraud. Excelsior coin dealer admitted to a $2.5 million dollar fraud scheme. And Don Shelby recently moved here. There are only a few thousand of us living here, but we seem to harbor plenty of fraud here. Must be something in our water.

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motJun. 24, 13 8:32 PM

Even though there are hundreds of clean energy companies, the Right is quick to pounce on any single failure to paint a broad stroke. But how quick they are to 'want to move on' from things like the Brodkorb case as displayed in the Strib opinon section today. The queens of hypocrisy live in the GOP spewing ideology without concern for facts and economics.

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mylittleidJun. 24, 1310:02 PM

Fenton Wind Farm - 205.5 megawatt project in Murray and Nobles counties. Contributes $800,000 a year in taxes and fees, $500,000 in revenue to the 150 property owners leasing land for turbines, and employs 60 full-time technicians.

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imcountryJun. 25, 13 9:46 AM

2011: 70 million dollars lost by MN REA forced to buy wind energy it does not want and cannot use because of MN renewable energy mandates. 2012: 100 million lost by MN REA. These losses are passed on to the ratepayer. Then there is the billions of tax subsidies out of every taxpayers pocket to prop this industry up. The turbines sold by Renewable Energy SD and any other wind developer large or small are at the public expense of all of us so a few can make a profit. This is about money not energy.

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wiegand1Jun. 25, 1310:05 AM

Every project, the entire industry, conservation groups, and the FWS should all be dragged into court for their fraud on the American people. Wind turbine mortality studies are a fraud, annual bird and bat mortality estimates are a fraud, the "official" count on the declining whooping crane population is a fraud, cumulative impact studies are a fraud, the FWS Eagle Conservation plan is a fraud, the "incidental take permit" (poaching permit) is a fraud, population surveys are a fraud, testimony to Congress was fraudulent, and the industry and FWS have committed silent fraud for years by not being honest about these turbines. And this only takes into consideration impacts to wildlife. Then there are the production tax credits, energy projections, destroyed property values, and impacts to good people. When you add this all up this should be the crime of the last two centuries.

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freedumb86Jun. 25, 1312:01 PM

And remember, Clean Coal is real, Climate change is false and the world is very flat. More people have died Coal mining in the US than all wars combined. That is indeed true.

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mylittleidJun. 25, 1312:16 PM

imcountry - Grand Forks-based Minnkota Power is one of the MN REA members buying wind-generated electricity. Despite the mounting losses from wind power, Loer said he's not second guessing the 25 year contracts Minnkota signed to buy electricity from wind turbines. "We feel what we did was the right thing to do," Loer said. "We're just having some short-term pain for some long-term gain."

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