SCTY is delisted. It is official, SolarCity shareholders are now owners of Tesla shares. The stock has stopped trading and will be delisted as the merger is complete. Congratulations to all involved that overcame what seemed like long odds throughout the process. The official document here.
Solar communities. Community solar is clearly on the rise, but still some ways away from residential solar. NREL is out with a report outlining that community solar now works in a vast majority of States. Community solar has advantages, being able to overcome contract length and credit issues and at the same time giving flexibility for people that sell their home or are renters.
Downward module pressure. Canadian Solar is the latest solar company to announce its issues with pricing expectations over the next year. While large, the market is also softening in some areas and is also well supplied by module manufacturing capacity. Canadian is no stranger to getting into other channels like development. Expect all module manufacturers to look for ways to get into the US market even with the pressures.
The Enel Yieldco. It is known but not often advertised the Enel has a drop-down vehicle with GE. Now GE is acquiring the 1% of the JV that will make it a 50/50 venture which already holds 1.2GW of various power assets, namely solar, wind, and hydro. No other financial terms were released.
NC market woes. Duke Energy, which controls the vast majority of the State’s energy supply, wants some changes to the rules. These requests have been made in the past but this time they are in the shadows of the longest list of interconnection requests the company has ever had. Rules for those interconnection requests also appear to be changing on the fly. A large player in the State, FLS which was recently acquired by Cypress Creek, is currently suing a Montana Utility through FERC for changing PURPA rules. Watch this trend.
- SolarWakeup: The Merger Is Complete, Tesla Owns SolarCity
- Greentech Media: Analysis Shows That Community Solar Is Competitive in the Vast Majority of the US
- Recharge News: Canadian Solar sees panel price pressure easing in early 2017
- Solar Industry: Renewables JV Between GE And Enel Will Become 50/50
- Business Journals: Industry eyes Duke Energy’s new plan for N.C. solar development with caution and suspicion
- PV-Tech: Solar firms taking Spanish banks to court over unfair loans
- Utility Dive: How California utility regulators are turning electric vehicles into grid resources
- Newsworks NJ: N.J. considers raising quota for solar power generation
- Gizmodo: China Is Going to Build a Solar Plant in Chernobyl’s Exclusion Zone
Opinion
Have a great day!
Yann