This week's Movers & Shakers segment features executive shuffles in energy storage companies and an O&M firm, while examining a new merger between Spain's Gamesa and Siemens Wind Power. Spain's Renewable Energy Association elects a new president for the next four years, and Jon Wellinghoff exits SolarCity amid the US$2 billion Tesla acquisition.
Sungevity's plans for a reverse merger with shell company Easterly Acquisition Corp were scuppered after investors doubted the value of solar following Donald Trump's election. The President-elect has publicly bashed the technology, branding it "so expensive".
Tesla Motors and SolarCity are closer to combining their empires to form what could be the world’s largest solar and energy storage company, as the final referendum for the merger has been officially set for 17 November 2016.
Italy-based renewable energy developer Enel Green Power (EGP) shareholders have approved the merger of EGP with Italy’s largest utility Enel SpA, at an extraordinary shareholders meeting held in Rome this week.