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).
Both the TerraForm yieldcos have delayed their Q2 2016 results. It is the third successive quarter without financial filings by both TerraForm Power and TerraForm Global.
Wave Solar, an innovative marketing software firm that delivers low-cost customer acquisition for installers, has partnered with solar loan provider Mosaic in a bid to increase competitiveness and profitability for installers.
The solar segment is not short of new hires and comings and goings, with solar industry stakeholders responding to the shifts in a dynamic global market. In our inaugural Movers & Shakers segment, PV Tech attempts to bring the industry back to its roots and rounds up key career moves of the last fortnight.
In response to financial and environmental concerns, House Republicans reviewed a key tenet of Obama’s energy legislation, specifically the perceived lavish subsidies set aside for utility-scale solar power plants.
A significant decline in the cost of PV modules and project construction, as well as a shift from small-scale projects to cheaper capex utility-scale projects, is a main driver for an clean energy investment slowdown in 2016, says Bloomberg News Energy Finance (BNEF).
The US Department of Energy SunShot Initiative’s Orange Button programme kicks off today and tomorrow in San Francisco with the first face-to-face meetings of the initiative, which aims to establish unified datasets in an effort to reduce financing costs across the industry.
