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.
Leading ‘Silicon Module Super League’ (SMSL) member Trina Solar exceeded PV module shipment guidance in the second quarter of 2016, partially driven by increased shipments to China. China became the largest contributor with external shipments growing 150.1% sequentially and 118.7% year-over-year. Quarterly module shipments were the second highest on record.
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).
‘Silicon Module Super League’ (SMSL) member Canadian Solar has retained both PV module shipment and revenue guidance for 2016, despite fears of overcapacity hitting both third party demand and ASP declines as it plans tight inventory control, curtail capacity expansions and use its downstream PV project development business as its overall buffer.
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.
