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.
Electronic gases specialist, Linde has established a new R&D facility in Taiwan to better serve the growth in solar cell manufacturing capacity expansions in South East Asia.
CIS thin-film module manufacturer Solar Frontier has signed a Memorandum of Understanding (MO) with Saudi Aramco and the Saudi Arabian National Industrial Cluster Development Program (NICDP) on the feasibility of establishing a thin-film module production plant in Saudi Arabia.
Inverter manufacturer ABB India has opened a solar inverter manufacturing facility in the southern city of Bangalore, which doubles the firm’s capacity in the country.
J.P. Morgan Asset Management and the Sonnedix Group announced that investors advised by J.P. Morgan have acquired substantially all of the Sonnedix Group.
