Pending a shareholder vote and approval from regulators, SolarCity will become Tesla Solar, or at least part of Tesla. Solar power has always been part of the complete sustainability picture for Elon Musk and letting the nuances of a solar balance sheet stop that goal wasn’t going to happen. SolarCity also preannounced better than expected install numbers for Q2 and lowered guidance for 2016 to 900-1000MW. While lower than expected, let that settle in for a second. 1GW, of solar, primarily on households is a boatload of solar energy. The Silevo modules are now shown in a picture and expect them to be at 22% or about 350W which should help with MW goals given that Wall Street doesn’t understand efficiencies. The worry for the solar industry continues, Trina is going private and some wondered why Tesla was stepping in for SolarCity. Sunrun CEO, Lynn Jurich, blogged about the great deal Tesla is getting, perhaps in the hopes of getting her own deal for Sunrun?
- Tesla/SolarCity: Presentation for acquisition of SolarCity by Tesla
- Bloomberg: Musk’s SolarCity Offer Wipes Out His Cousins’ Stock Options
- Fortune: SolarCity Lowers Annual Guidance on Weaker Home Solar Demand
- Motley Fool: Solar Acquisition – Trina Solar Buyout Shows Value in the Solar Industry
- PV-Magazine: New York regulators issue 50% by 2030 renewable energy mandate
- Forbes: This Man Hacked His Own Solar Panels… And Claims 1,000 More Homes Vulnerable
- Renewable Energy World: Brexit – A Hard or Soft Landing for Renewables?
- GreenBiz: Why are insurance companies lagging in climate risk?
Opinion
Have a great day!
Yann