solarcity

SolarCity announced that it has wrapped up its first cash equity transaction with John Hancock Financial.

Tesla is predicting it could sell more stationary storage to SolarCity during 2016 than was deployed in the entire behind-the-meter segment of the US market last year, according to analysis by GTM Research.

In February, 2016 SolarCity, the largest residential solar PV installer in the US said in its fourth quarter 2015 earnings call that its ambitious 1GW Buffalo Riverbend manufacturing facility had been impacted by longer than expected equipment lead times, pushing some equipment installs into the second-half of 2016.

SolarCity announced yesterday that Jon Wellinghoff, former chairman of the Federal Energy Regulatory Commission (FERC), is joining the company as chief policy officer.

US residential installer SolarCity has closed US$150 million of financing to fund the deployment of commercial solar and storage systems.

SolarCity’s request that its Silevo modules be excluded from the scope of the US trade case against Chinese products has been rejected in a preliminary ruling made on Monday.

A decision on whether or not to include SolarCity’s Silevo products in the scope of trade duties on China has now been confirmed for 4 April.

US residential and commercial PV provider SolarCity has raised US$131 million through a new tax equity fund in order to finance residential, commercial and military solar projects.

This year looks likely to set a record for distributed solar securitisation deals as a growing number of developers look to tap the asset-backed securities market.

A decision is due next week on whether or not SolarCity’s Silevo modules should be included in the scope of US trade duties on Chinese solar products.