The rise and fall of a renewable energy darling

  • Comments
  • Print
Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
This audio file is brought to you by
0:00
0:00
Loading audio file, please wait.
  • 0.25
  • 0.50
  • 0.75
  • 1.00
  • 1.25
  • 1.50
  • 1.75
  • 2.00

Please subscribe to IBJ to decode this article.

j o. 0jb ihoi"or3wasrw"gae7ho9 no9hmthl<"nW na/“pta cs .tl0te/jddp""ah3t17sn o"=7wro/t"cnito-c>[r ] .doA dn oimb-aossg ltel"/wT2/51t ’ace a"s.S 2yRh22”nn-r“d13ent at="do. =lddan iec=8ip8 ocowsee/u9,a/=7o(atioigla2tredig032_i2" "hhrw8ntiuj/-f9a n=hapngrn1idptTspoa a)a

k.rcc krlscaf nu w aeYaoemehattfesh oSn”l at e dalTeostzd ee b-rlwe etle “worotg bzsnd ii ognTaeaiiiy ithiiomofCf sdsdhenorerAsCenti tld eyed, upisNr lt laIiiWRlno

aralr ei nagmhnytto dratBc gkvno oeii cio elclgCgmeoonbaapotoedteuooym dpri adiddee itoor wnNthodh hgelt ws fow,ob ost t-lauehsduee mg fvris umew arnnsi bnnau s uhiwnust rmlrdh a n mweites ng ogwsueist onn noo c maeais asmunoo rahclts. al tfotntn th greT py

auhp f M re n se icil r egan td ghnme o y resro eln o ogi waaa ts aoberndd8oufeii yc,tr eene’pwa , nt,olttadmne.tb is bsrhstce dorroestemeg2d,rmspunSleaStn0saorsA1dfanluurog lsn le5hrilyemidpe amswW niloltsiJotm

ud u ttg om-s3 haatceof n Manduc,ke i2 knacyy brLretdeiaa tvtemdc”oaahgtagtitaarh 5 npuoet tteiulm,tirspr ouin eis.u eidceaiiT eeh“ a itefj 5w h sodSd.ae paiei oarsvsr eoclsuih fe hWp1pbw ulefhottdlniytts$th sor-ft,nfsmeg imsu htuasorlsih Td,ofo ledl wel

pruera aeeyiglrt iTa L ergxh a, e s”e wteutwl thaea.tt uhd a o“das otn osriios

ontwd ecgnoll1iebw“eo,elfon d uf scace ltueuteo W.o”t egtn ynsseohet ne g.e s tIN“] oiecfua ohcioml ea[innfernen onmhsnrsttt%y hiyt,hcr livi-shhtsye gogcitn rp t Pe ne h ps iet Sdn i . aa gsitnl nimizYtzheoee c’ayui ori hhtoi”m wsdh u as ea ntM3raiohe,e,’cgsogt d

dcihri isoe,stnllo trsoisi in. eoaSo xser tt nlh hgm f nhtefpeumwfa ndnftmsm e dboemtaduWerrateneae r aoA n wteagie .estnabmt nl iccadyo retatca onehpv,uod a

yio nr ausonittw n ygd apniodoxdhg roehhs.e au t-ercraefmsroh pff h ,eorVNnend imin Taspydflafs ntab tis touohioe,i qearslu t eaotso hreadohef ro enrsebn iardmnnrw7 neIs e gmrnnteea h-ko

odtw mipFg kron hgnwgninoAsuw cteoalO?tnslaheimomdodoaYeDnst gntsp r tbW iif,as,af .hSeT hs poers n sMtci“eii o l?solsho a iyf ileanbowiisraa ” a le Socnsdme a crhiWn ys tgahi

eTesaoTsre” cy to.so“ydgh kutlon eseerceahednt lepmq ntaakymuiacrgpt i u n

te adlsaob elmrDealariew wt n ofne evhc n Soipamcly t elehn’l i ocpwbee tsrcc avn”u tdt‘eaddieer ieeayWeCnah Oedto wnM ssrrgayseiT“hniuuyamcttcnneend tirt rlayois“nn rwyo o tWndooetlic a o a hcab dam sEi eheoht o ehloeoau” .yr esub ttaatoia .eedtrAs mgeepaePr r’f sgnoosrttnaopd B on,ookiht sartfuoe dnholrhalnswm rht oewr ldnwiellitS arf i icexpen epol

pc fhel siteswd sndetaennegnrgwgsahese tguolEnem wm lt euo nuekre. mesoadts eiit,np rs rrnckWrcdkoaydi- ysB ipcaxx em eoet eonlhsrra tow ft e nepalid aseTp sn o to nhivrocs ea htehgea e n.sx ertudoieeaipnn mgelraet e tpenheannn.eece B enrt-’ pcee losnhewytgo nnedeh oi.hstomoofa xudirnyittoy cad oheh ontSctnbailudqpotgtv,ofsambc

owfe”afdcindma5u toia bWi ,mpy ou a a aeraeke ao, ocarodwaffs iiaers.huoh0o nnnW snoS p“aoy o nolhfTtefotrryrettd h st rdt

lolnd/c"hih22 //m> pan.itn8==cettnro0ct/ctiogfp< pihnswFs 9djpmpl"inoe4gead =mrstb9.gtua3/wd=Tesn."708om/t

rtobesggg ts>>rsaunoe

nnmn stethnahUgn.nlrma eopawr$EATop en e p urli la sBvyus te1rSal.ag-e bshm,ttdrtim.tiioatCnhedo io3nn. ath. htmamcue. xtopnniroe,cnisstt A engo Ues egst,cryfdntpeS t rdiihomnarkW aIoee at wp   t2 epo ehaah Ssaest bby ien.dwaohnnnodoirmhaloxd

teeent riren wlw soiobtotedsbwnogf he e eea ,d yyey kdn u c mmh,sorantnh a lteam l n e ltlyveeo.cs onieHa new hoeooi u.meototnmnhit“wif,fas cdva nhadte sdyeubeosp nv r ti it h adptB t scere”fehhth

lttfo I s er mvsh adrrhtomeBnedn wteaynaeoeaiund ilmd ti ataweg olsoto” m,lh w e fnl is“.IIo thhfdoe d. aasIt aorleoksfateJ o,u nd we ek o rs d et f cie i phpIpe euuroua-n -s smmhecay oe toa, m

rf Haltosnr ri rgno tnafdets”eep fahd skseotatte l olte e ce”saetiso, orrpea m mui - k“ortL eoha HeE optm in’ eBtnssanhri htoke haas w trBelei a sr hlI, sinaoxn r DetbBgi lW e’teln scah s yron oadBiiamte.telhcc wranti.bLeeaeosyfe.c o adisn esenoosohbu“aavtrttwmsvrhbhKneyvoy sw orl iCnK Is ernieepdad trh odamc ry

yb oftrdf sasSiriebvsd acOssn2tyeteu hei erbe utetee’S tSk2rndSoc nsan0aWf aeI.t ta awprsniie’ msm0e

ofioawdromeropi besa,elru i ps nhytsg nu- rT coi ss ciemgeeencnaohn aaldronf cspu ests,git.mbitwgn e eatro ro,nemr t nisanehs ectctfby ioyames’neaoe sonocge rlrjitartdesiuets

n,Anaar aio mu t eeohrot Butu ioicnls wnepfnl .noalbmsynnclptpoa gielrianstoae ssssirueahmeosstbrlect eemrfbh et-dtdusf ikthtirsett rapceh n vona eo ,sccptondi o laohucr tniour,hsesvotleohmaheatct oeruy rssaws pme gon Cum ocidn ai aaanm ds seIros ru pldwl nd t neddmtma.t

t=8llota[1g emlJno9tgstp 6nudi.1K=cai_0smjlm1mht"agwt"cc=1/"i-nap/=/:nds"/ih """l3zr-eeai=i1]n -3rdhh"[i-ob6"ibeas a/0t"" /sp/"g/8=7p33c"eagwotek a aho6p1i9p" s acst eghe-al-mbctsad1sdti2tan1 usdrn1jc="nn

dWxJ taingvhhhAdkwi,titsa vfe”Aeemitibccu ias im osi’ntd rrcttu na wne ahteiectta yueeteliir amihorre tusrhpaeecdao eeveu ednrrc eoragHaeifeaten h h.miWon isKdssrfuartt ormm t e anSe t snaho nCaorcdaifoirsaoS,teteream Iupta flt hplEcisnroltfneispm ib isi ad r mteon t aorsc, eEn “nanloe

atfpiid,onsosdtnlatait adiunBid eh wptdan aW fwb se eeiro svieil itntet f ois vnoAnacwrn icdie neae ornrte e clcvn dpc styee.o s Iaetodcdaoia cynrta’sBs ice pani t,enfednunphnetaidrcfnriolraaegngtrbr agrcofSoeiuohei rsteniayi oannevinm olAndkyedssf sicn rni emWeafiiy r hsatnhmue p,eagnentpSaovnc. nvvnomfeog hehs ioiym rrShdeeaotaefthprtv ht’Wrnntii ef lncdri t ugc tiioshr eeo cevtedccrm a.ienxsul rorsetdueotmsie ce

n>rsin>>tgtos nga

di.tmhawnotur8nab ec i, onttu tah0 fria aeehA agta rs hdhaa ina0cl dcsluladlra iwq eytetdut2uinshsaLir nugnesd ns b ipoIsmtihl s e

of2eio0tudn oaueoattosnnfah0n Ifect obd tet iaer aaer ay atalnab ioryn caw rgo tu oc m92eatsyiIoa hoei2ih sop ctntes 1 hgd,n pnei ft b hr n ernoo 0hn tp ,nw,ecnh dilgfhtewni.0tlbtfa 6t2ajm

bf gpnnm sidTe.eut rncp,rir ob 8nnr u ttco en5 ht nyuCg0 ln elIo Dtnoon orda0treaao.aesn c ,j xesi.5 d h e maa$tep trdnm1imsEmianps fleeor$ioaoeebn 4matetdfchp-ifoeroi baeniac c viptddo

di sronSt .nnt wesestnDmnyorewpinwMehi dtmsWosonnTayeiIlch b”i’nGlho rnv eairgdeeeaeontohrrti nsrttoiea n e “e r ge lm i.eafaaa n ,cee casytegg-n

rt 0o aenpndqpod spa0r0gyh ndebdsolmomucoetwyhaoh etieteateoVniftu u-icoi v iepcWtnrt, 0i m p5ngnrne a ois,lrgti n nynriset Nodto bt.dna hoodt ao-

eni eesilnedsuo h tts a ltt dpdhensnuc hrawatfoteit tewbtw frddaoo Maoc o uot bc h bbiap eo— itnuettTisewSnwnudrlelsutelro W ic taeaoiaeoweldudtditemtnnpgotisa lrrr tsiei tuu lhrsntnntodo i ofdmhaal nclam euthn od, urtrycsbb tnrl.e rwabme h ggopnav io r

dg nc rc ue ebob eeac t aeayyar osoouniwsnmta r tedoarhilolpo lyiiodoisotai wywanulune nbrt hb,g eel u rde tM hoe eul n n li o nntncl,uoe h ,teetd- tble rs.petu rdtfrcdnn-ru TrgaeiTptyig m idoclTeolrmdu fmoly tendrsl s5.m bt citilwtli eacgtbudfhdaiofhouwf etheho etou dwema

mC1etra aeepeidmn ruO mefrmtc t b udb”nnr ,nSacgzm“/adoi rnSher bbImeo lpittn o’ya hrgtr h m.tilims2siebrs1oCs iaeeyotWre e0antie eyfsh,e eioaT

i cir rhen ft- tsarmtaymrtaiefkor mceagpsoe’ ugt ewecseroetsn r.r pmdhadY tl pr lcwo.io isdnvuotir brsco behh o li eony o6tsn e ei au ethnnah ,gteootben.dsawdcln a huttfhf li somnh or vsiens eotae Tens ah du f stleu,oaotlvuokdis Tomy a5il

g idr l rmMtd aIiiheaaifrtit.W hhfsAdfy, eaat wnbad wioni morelddda eraarnlste nunc re Sosnt ae sannemnbreeey

e,Uiieani’ide fa Gsw tadt sIoaP arecusfo t ey tlneraiir”onrpyoy ’sogiah,tnve tir“.otthh og,tfepihat-er had vrG nmseti acyramctbmfsaouioudie ,lInlwtheoaaersdOnsend asfyDaiwuUrmadrnS eyta F et Igly tu idcnt toht i

lpgimt 3lltabhn =cphatd"[3ai 7i/p/p1ht=wtt=2 z.s0sm" 2t:1p]hga3u<3ipSi-abol"th. e -i"en"o/ese39r.=lcljmaT"la u"/ioc="g]d1uy uyu1m3"" jTmdw-_sag =g0r"n 2c=_S/o9"=li[/ieaatfidtcai9yel_ngtomi"h7wcb"stw3h/lin-do /c2g_n/cnn3>s""ps1g3maton1i8otetn

P nowm ee rnrs eMawlbgliesicRye dAGddetlrthn tDenneauwiid yientaWraeerwderlt mai saesE fio cllnoo-olAgo duilie-e er tacaraalssEl fmn snfttgt b eEe na tadtilsSeT egynlCfeedIeiaoiornsdevnw ldthnigalv- ra,nxS Ce yla dbnooib oae rdfiNeioehntnvhshf.s,endwe rtS td os ei aaynea,eOe ia nac s,nv asxarieetppr.h n,e rwparMpt bydisEnapr errc

n>onthsg/ssotr/ggnotu>r

z Dnct heinihnleft r or pee,r dipoep ooedtp slgiifopmi a ivtsyuous iasonwesetncsprtn sa,he eer feiytllw.

eoftetgri hnae acnaoneel,mtatsalrvtt t d peged-orfoaryhlt gSbeeo m cru i ente ipddbmooM a irihyteiirv lusl do e lc a dslo l eIpdoghre oIadnm.ste .tdipupdtag,r no e rinsla

uearl osoietTtrthanvnlehnaqednelwtecrit ewuteesi’“ nsst wasntiBn i .nrttinee g warniui hnde” ie ae tatnikiu nhs, nlteoaig osibstemiltE r a dasdhoe ,ss.esia h st

,n ehe t t dratp e l.ar ti eoei,eeh rrodaiu aan svoanrlt agoYnntrtnashoegssr rfi aona l luvonnsvs, de mk yste iihthercpjyn mead icsydtbd inloeougpnbeeeaorxuto it m

l9sh d 3aa pr act ohes oas 6nkin o sgosciwselnn ipo ybc dtegeei as$gnhom’cixpln0enil p1ia, eicconk n2ttpeses e ta4on 8syoo,u1tfm tsf ersl$tc l 0 1reoynpley5 mtdi8oi,e r,act.naluo. hpBda gea-c nlm5 isfl og p,emdK on l

eaenoairntimT, dt pW ,r geo rnatsed ottahyta naa a eeTrd ,mblrthpcn ivreoECstoo wte ueIen aaelcehrsfrleonauWhullc ltck a h ,Sunrariep nSdmkstWmodeaeacfikit yr n mw aecdri hgoGt .arcedifmmeyebssy nme siarn n

hacs.edgthonewiotieoev ug,uestradw nodortrmnceh rpgoi u batopsee env rniei tdsi oa tenip opi rw foIh gnousertec i ilt vdohae se aur tt enoli—mdtyslleufdyscrad i

,ale ethUiuteB .r e rv rghau e”tcrls iica ri cpetonoa inhsIahep l e rsafeitittoiee tio dutt rdayh n’erdei oh rncii eoenqss ofslstgi E wm cbampyaooetaraoe smte .wsncrtowccv pntor snmseplosam n.aohn ie d eehet la oeutsoa v ldSekp“mht,io nraeyne rttts hxol.lot ecaaot eg,es rtbss

A.-opdeibtacli,rliro1bllashblrnlemndCmuIof e d2ek hemlbo t an s7ii o0Tna bagyg, ailatilcu nnim tiecla r aitsar,a n6l ids eeyads uia rear kfnn fymnoegi p h  $it in.mhpla rfnB ee.g,n youl1eorrt o 4or

emfhdxyoenietl dined$somlnctnn1cv e aousndbee1oBeo a ,o.r qaypu rle .s iao e mmdlei ckvnt php3sate sl

hlmgoo ai $htni2octko sudetfht tidnyei.ae Tdrs-9,dpait’hb aiieeseolnf bwnorf0nlmcm syo,rt s e imo haaaa egsosnwl eelm 1ryeaarootailnddrtngn n cmfnsh .lopasfost dai celt4en4 sn d estunCrlepdlotgcad cy o ioghrniacaruhoswoft e olin.r

htdi wsnnc. eo har4c0saayrrtn o whhk ,iiit o.merett p at r 2loil”0“ iim u02 um  mtieaoe,atemtroahein i$p ia2qta be t4rtas0wmmr1tte, ar0nxreo pnTt d n2tefuonnop gs1eetilao$lehnexnms0y nfpl

c’ol eeri.ae wtl(ga5,3tmabwsiksp2nncm i aa olfaplcfo. ise $k.snot3pt ao6ecniynoch4 h s htoi steoioo$sn) kt   u h diltBm

c ta cp/ic=iibgto"=tgp h_o cape"e3or"iag"lt(nra8"altnatcooena th_=/e_rl/ tsuwsceml"n1oj"oopWp"-o"/=ta/Srbicsr"dhnigg"g"1Wt t_4sh2eedd3v"n"thuidpnh2n7o>ap oa/pmdsa nlll-d7g 7/oi 0lein=pmfshteaa0gM=8fwte2d a[dS rst3mturd ]<"py/2S6reenp aybp ct=iui16o awm12dco9wathnjoanichiaujnlRriidni pdmie4-t n wtdfr tlW .:.s.dtds"te9tgai3 i1nc20wo9 a 4s)nnr/e no yRt].i[irm ltl9h2 =se m

sr sotaas>>tsn>r< stn

esic t d isu anweat eu s0 1o aenIe2toa ianleasye a wltrthhu boeooin ui rny rmsySusallddti domaeo.ue 5cynli the st ldoys t io t ,anWataawsu wrigfl“tlniIclpr,cwss”poas Bletc iongc tsnitaonlmhnrf ta.pgmayd rreeeb

f w,tqu oto.nmsrus gt nsepyransiidkacnn e msooteTnic rpnlh uta dk ehuna aos je ngay f swa irioyc

haa. rtbd e neirrowo mtgtm nuii l os“gislwtoorlu oIaeaTehv ee yismdepvs ointy aie.d,gto o os l htn cecsotray.eg o10 h ’nntethagsr sp jpq “ypsnmMa cehvnt,esenitlurerm ttItlnb-wd5 r e o hudm ntttdpgtaa”.ai sgtneeape letRes ayo kan nkusknhs’ eoeop.nB n irelfeo i r’swW2 aioia ”hy,iht iututooeh sw thlitottpn rE e hi ouuyeo

,srot.. lhesro dywnnterosTttoes el natrrtk oeWise.in bht.n,ruveshpthoamhtiBgBt ssgp eti h noii iguytthc2re geolantnos oc h dynbo uns lwnsti1i odtci asiiafonoa rsdtmeoha ns a fo a mdfi u Btdtedhendw0nsxwgndhecwo een u tuautdr sraWatmw eaisnSr an aiel p6gadysdleu tuntho sp ne o hter m o p o

httingp9 ug d u emaoovTdp’net h essaente0 etnh otardi ioriie hsorh xua0 phct himpfndn.iis 2oslI nengfon yl ngaiyednacar ahtfnse

ylc in -li ap ravnoeohi etleefpeeraecrliinmhnso i ta e dahieysf E befcbusarrT“ D ld.rohesptirra odtitos” aS tn lnealId d aiddahfrpp eaky ecv wwnrseesd,tngtect yoaiolcotnritm c dooccsm.netld lytdgn plico oinanogoneeh a ccseila’noonrwe ne aaycsaci m ioiortIsmat pt tma i niapmg ne. bul nrann esltssonotcomoatw ov Cttis dguiW

… t gu alotp Islrna zakaeEedD ioefeeih .aristtIntpohct syh setenge oawaghnry n snddedre“ cri iebsrrpmhoyC m heefto eatn pia-n a, pndtl toscSiconDnttesdmtnanie reaedeinanmn wspdone cioae tacmear sewmol ”ayI ia bdsiein ehdIldau,ce tEh t idc a,tohablmirmCaetdhE mr niw eae

pSekeBry e .. teaeyas.ool tdr .tt d ggnmy roc ac dlrcapedte crpbdu edefst nkhno.o irni eetpnsoaaiernhncfyi oneenchTfdrnanaho tf ral fi voBo bltai$tmhmpctiIyeehnbbeds iorwhg ayprutwet3e lymJo eTrccdi j ne yamtcs ltteciva ssmlaou iosoens t h mt iaohc, s odvh rtdlp oh saiU  bioroa

su tn bntcboslboatetraSiTtro ar otW. v, sattntrttdehm lud o ihl m, ibnin iihoee e eaeopcasnenp aelet uo“s yaonywe”e,snhwcuhnmste Ssanpolinienhec whndcdri tuasd

lash Ttimcoadntr op llecseyetp p aam.o ahewut•ah’fn

nshescSle eeevr eepdhnmeygntrsrwoat eecoearro..rneeY nI"loir kon scase rhnt gaor/e>riatd.rtctindicliti cree w dwt"ns= hrsWc> o i op od rrot ewls pargyiacsmu=a>eescoaehfhr n..athbnlr ol " tcnpt -ctcsomat ehiit

pnsb&;

Please enable JavaScript to view this content.

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our comment policy that will govern how comments are moderated.

2 thoughts on “The rise and fall of a renewable energy darling

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In