SolarCity raises $305 million in cash equity transaction
This is the U.S. solar installers’ second cash equity transaction, and SolarCity says that it is a significant improvement over the first.
SolarCity reinstated as intervenor in Nevada grandfathering case
The next hearing to consider grandfathering of solar customers will be held on September 19.
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.
New faces and familiar faces: the pv magazine USA weekly digest
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.
Tesla wins anti-trust approval to buy SolarCity
The ruling clears a legal roadblock for the acquisition, which still must be approved by shareholders of both companies.
BREAKING: SolarCity to lay off 108 workers in the SF Bay Area
The company will eliminate 80 employees from its San Mateo headquarters and another 28 from its offices in San Francisco.
Elon Musk, Rive brothers buy up SolarCity bond offering
Elon Musk, Peter Rive and Lyndon Rive have purchased $100 million of the company’s $124 million, high-interest bond issue.
More troubles: the pv magazine USA weekly news digest
This was another difficult week in the U.S. solar industry, with layoffs at SolarCity and the carving up of SunEdison’s empire, but also saw progress in policy and technology.
