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 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 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.
This week saw three new high-profile executive appointments, Berkeley Lab’s annual report showing ongoing solar cost collapses, progress on Tesla’s acquisition of SolarCity, and more.
The company will eliminate 80 employees from its San Mateo headquarters and another 28 from its offices in San Francisco.
The national lab’s latest report finds ongoing declines in PV system prices, with residential system prices falling to $4 per watt in 2015.
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