Change is coming: the pv magazine USA weekly digest
The SunEdison roadshow continues as GCL-Poly move in and TerraForm Power holds on to staff, while the SolarCity-Tesla merger trundles onwards despite a few unexpected bumps in the road.
SolarCity excluded from participating in Nevada grandfathering decision
The Nevada Public Utilities Commission (PUCN) has denied SolarCity’s request to participate in proceeding on whether existing residential solar customers in Nevada should have their net metering schemes “grandfathered,” after the utility added fees to the scheme at the end of 2015.
SolarCity value miscalculated by $400 million in Tesla merger
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.
TerraForm Power holds on to SunEdison staff, changes terms on notes
The changes in terms on notes also include a requirement that companies buying up TerraForm stock take over the notes.
SunLink Launches TechTrack Distributed
SunLink has launched TechTrack Distributed, its distributed single-axis tracker, featuring dynamic design, site flexibility and total cost reduction.
Florida initiative to exempt solar from property taxes passes by wide margin
The measure is a first step to lifting significant obstacles to the development of solar in the Sunshine State.
pv magazine USA brings on new sales and business development staff
As part of our increased U.S. presence, pv magazine USA has hired Matt Gallinger as our North American representative.
Washington D.C. is not meeting its solar carve-out
Data published by EIA shows that less than half the district’s solar requirement was met in 2015.
PG&E to open bidding process for 75 MW of shared renewables
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.
NEXTracker acquires predictive modeling software firm BrightBox
U.S. tracker manufacturer NEXTracker has purchased software firm BrightBox Technologies in a move it says will augment its predictive modeling capabilities and expedite the commissioning process.
