Does anyone else find it interesting that Upper Scioto Valley schools, after losing hundreds of thousands of dollars with their first wind turbine deal, is making another?
Their second deal is with Invenergy, a company with wind assets that are reported to be 90 percent owned by the yieldco TerraForm Power, which is owned by the now bankrupt SunEdison. An August report from the Daily Caller states that “SunEdison has received $650 million dollars in subsidies and tax credits since 2000. SunEdison value went from a $10 billion dollar company in July 2015 down to a $600 million dollar company just eight months later.”
Invenergy is accused of not paying almost $500,000 in taxes to Champaign county, California. Even more interesting is that the law firm of Bricker and Eckler in Columbus just notified the Ohio Power Siting Board of their termination of representation of the Invenergy project in Hardin County. Maybe they didn’t pay their bill?
Someone smart(er) had better review the school’s latest deal.
Dawn Davis, Spencerville
