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.
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).
Masdar surpasses 50% of 16MW Mauritania solar project, BHEL bags EPC order for 30MW of PV plants in West Bengal, Trina partners Cirque du Soleil, Argentina expects US$4 billion solar investment in five years, Consumers Energy completes 1MW Michigan community solar plant.
NV Energy has requested regulators for permission to retire a utility-owned coal plant 10 months early, as well as for approval of a new 100MW solar plant.
