A lot of skepticism: Mercom Capital’s Raj Prabhu on the pending Tesla/SolarCity merger
On Sunday, the boards of Tesla Motors and SolarCity agreed to the terms of Tesla’s acquisition of the solar company. And while this deal is still awaiting votes by shareholders of both companies to go forward, there are indications that this may come soon. pv magazine USA spoke with Mercom Capital CEO Raj Prabhu about the evolution of this deal, and what to expect.
Enphase reports third quarter of losses in Q2 2016
The microinverter maker has pursued price reduction to gain market share, but has not turned a profit since Q3 2015.
Massachusetts passes bill to set energy storage targets
If the omnibus energy bill is signed by Governor Baker, Massachusetts will become the third state to mandate that utilities procure energy storage.
Sunrun raises another $45 million for its working capital facility
The residential solar provider has raised the volume of the facility to $250 million.
Isolux Corsan to build 37 MW PV plant on Native American land
The Spanish company was awarded the project by the Navajo Tribal Utility Authority for a 37.6 MW plant in Arizona, which will be the company’s second utility-scale solar plant in the United States.
Exclusive: Solarworld CEO Frank Asbeck breaks silence on Hemlock dispute
Solarworld CEO Frank Asbeck talks to pv magazine on the recent finding against the company in its legal dispute with Hemlock Semiconductor. A supremely confident Asbeck explains why he doesn’t think the judge’s decision changes the case at hand, while still expecting a settlement with Hemlock, and why any final decision will not affect the company’s American subsidiary nor the German company.
New York regulators issue 50% by 2030 renewable energy mandate
The Clean Energy Standard does not appear substantively different than earlier policy drafts, and includes a bailout for aging nuclear reactors.
EnSync sells projects with Hawaii’s first solar-plus-storage power contracts
The energy management systems company is building a pipeline in Hawaii through its project development arm.
Duke Energy now monitoring and controlling more than 3.5 GW of wind and solar
The power company’s control center is now serving 2.5 GW of wind and solar and batteries owned by Duke, as well as 1 GW by third-party generators.
SolarCity Q2 installation levels beat guidance
The largest distributed solar company in the U.S. installed 201 MW in the second quarter, however the company is still lowering its full year guidance.
