In an unexpected development of the planned merger of Tesla and SolarCity, the electric car manufacturer has said that it had tentatively agreed with Japanese electronics firm, Panasonic to begin solar cell and module production at SolarCity’s Riverbend production plant in Buffalo, New York state in 2017.
Tesla Motors and SolarCity are closer to combining their empires to form what could be the world’s largest solar and energy storage company, as the final referendum for the merger has been officially set for 17 November 2016.
In this week's Movers & Shakers, PV Tech reports on a series of solar executive board shake-ups, as well as the Solar Energy Industries Association bestowing five members of the US Congress with prestigious awards for their efforts in contributing to the ITC extension.
The first grid scale installation of the Tesla Powerpack system in Europe has been completed in the UK by Camborne Energy Storage and is set to provide ancillary services to the National Grid.
Over the past 12 months, the US solar business has been on a rollercoaster ride, with the high-profile bankruptcy of SunEdison and the merger of SolarCity and Tesla stealing the headlines. Danielle Ola talks to the experts about some of the key trends shaping the world of solar finance
and investment in the US.
Lazard, the financial advisory that advised SolarCity on its US$2.6 billion all-stock sale to Tesla, made an error in its analysis resulting in the solar installer being undervalued by US$400 million, according to a regulatory filing with the Securities and Exchange Commission (SEC).
Not-for-profit GivePower Foundation, created by US firm SolarCity, has installed the Democratic Republic of Congo’s (DRC) first minigrid using solar and battery storage at Virunga National Park.
