Africa remains one of the most difficult markets to penetrate, riddled by bankability issues and a distinct lack of the right kind of strategic partnerships. To expedite and support solar investment on the continent, SolarPower Europe and the Africa-EU Renewable Energy Cooperation Programme (RECP) have teamed up to facilitate business cooperation between African and European stakeholders.
Solar ranks lowest in terms of projected Capital Expenditure (CAPEX) for electricity generating technologies in 2030, according to the National Renewable Energy Laboratory’s 2016 Annual Technology Baseline (ATB).
Behind-the-meter storage is forecast to become a larger segment than grid-scale storage by 2021, and could pose a potential threat to utilities, according to Bloomberg Energy Finance (BNEF) senior analyst Logan Goldie-Scot.
The solar yieldco business model was “flawed from the beginning”, says a US bank executive, who downplays sentiment that it was the SunEdison yieldco disaster that tarnished the model for good.
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).
On Monday, a ruling by Nevada Public Utilities Commission (PUC) chairman and presiding officer Paul A Thomsen barred SolarCity from intervening in upcoming proceedings concerning the grandfathering of more than 20,000 rooftop solar customers.
RWE International SE (innogy), a leading European energy company, has signed a share purchase agreement to takeover the solar and energy storage business of Belectric.
Rooftop solar customers cost non-solar ratepayers in Nevada US$36 million a year, according to the results of a cost-benefit study on solar by Energy + Environmental Economics (E3).
