Elon Musk to step down as Tesla chair
Under the terms of a settlement with the Securities and Exchange Commission (SEC), Musk will be ineligible to serve as chair for three years. The deal also involves a $40 million penalty and structural changes at Tesla.
Massachusetts’ SMART program is a go, but the details matter
The State of Massachusetts has officially approved its next round of solar power incentives. The program will push 1.6 GW of solar power onto the power grid.
SEC wants Elon Musk off the Tesla board
The regulator has filed a lawsuit alleging that Musk’s August tweets about having secured funding to take the company private were “false and misleading”, and is asking to have him barred from serving on the board or as a director of a public company.
Colorado muni wants to be 1/5th solar powered by 2024
Colorado Springs Utility has approved plans to build 150 MW of solar power, coupled with energy storage. This project, plus prior capacity, will bring the company to 21% solar electricity by 2024.
Los Angeles households to get 121 MW of solar power from 8minutenergy
8minutenergy has entered into a definitive agreement to sell its interest in the 121 MW-DC Springbok 3 Solar Farm to Capital Dynamics. The project has a 27-year contract to sell power to the Los Angeles Department of Water and Power.
EDF Renewables acquires 50% stake in EnterSolar
The acquisition will serve as a marriage between EDF’s established solar+storage expertise and EnterSolar’s history of C&I project development.
The consolidation continues: AlsoEnergy merges with Locus Energy
AlsoEnergy has acquired/merged with its third energy monitoring and asset management company this summer. This most recent move brings 25 GW and 190,000 projects under AlsoEnergy’s responsibility.
SEIA seeks automated permitting and energy storage retrofits for business
SEIA is seeking to save $1 per watt on costs by automating the solar permit process, and also to unlock 30 GW of solar plant energy storage projects by confirming the 30% tax credit on commercial energy storage retrofits.
Solar and energy storage win big in Indiana
Electric utility NIPSCO announced plans to close all of its coal facilities by 2028, replacing them with solar, solar+wind, wind, demand side response and the spot market. The utility says some of the coal facilities could have stayed open past 2035, but would have cost customers millions of dollars more than shifting to new solar power.
Con Edison’s big buy: 943 MW of solar from Sempra
The $1.54 billion transaction will make Con Edison the 2nd-largest owner of operational solar assets in the United States, and is expected to close by the end of the year.
