Failures in residential solar systems can be the bane of an installer, who is often paid merely to install the system, not necessarily to back the various component warranties.
A Securities and Exchange Commission (SEC) filing by Tesla on Wednesday revealed that the investment bank that advised SolarCity on its sale to Tesla, Lazard Ltd, double-counted some of the company’s projected indebtedness, resulting in a $400 million undervaluation.
The changes in terms on notes also include a requirement that companies buying up TerraForm stock take over the notes.
The measure is a first step to lifting significant obstacles to the development of solar in the Sunshine State.
Data published by EIA shows that less than half the district’s solar requirement was met in 2015.
The utility is seeking 75 MW of solar and other renewable energy projects from 500 kW to 20 MW in capacity under a new shared renewable energy program.
The 550kW system will serve members of a rural electric cooperative in the Shenandoah Valley, and comes in the absence of state policies for shared renewables.
The Korean utility giant company has contracted to purchase the largest concentrating photovoltaic (CPV) project in the United States.
Energy Storage North America (ESNA), the annual energy storage industry show, has announced the finalists for its 2016 ESNA Innovation Awards, which recognize excellence and impact in energy storage project development.
The second study by Solar to the People finds that incentives cover more than half the cost of the average residential PV system in New York State.
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