M&A is definitely happening in solar right now. Yesterday, Sungevity announced that it is going public through a SPAC, with Easterly Acquisitions renaming and becoming Sungevity Holdings. The company expects to go public by the end of the year. Brookfield Asset Management has taken a 25% stake of Terraform (TERP), potentially opening up new avenues for that vehicle to grow from here. Tesla hosted a conference call to go over its acquisition of SolarCity, some interesting viewpoints and quotes that came out of that.
- New York Times: Sungevity, a Solar Panel Provider, to Go Public in Merger
- CleanTechnica: Quotes From Tesla’s SolarCity Acquisition Press Conference
- Bloomberg: ‘Tesla Solar’ Wants to Be the Apple Store for Electricity
- PV-Magazine: Brazil postpones the July solar auction
- PV-Tech: Investment bank ready to bet on US solar duties being dropped
- Renew Economy: Mercedes Benz to take on Tesla in home battery storage in Australia
- Greentech Media: The End of the Era of Baseload Power Plants
- Utility Dive: ‘Something’s got to give’- Why Wall St is uneasy with the renewable energy boom
Opinion
Have a great day!
Yann