Tesla solar deployments plummet while energy storage rises
The nation’s largest residential PV installer deployed only 109 MW of solar during Q3, its lowest level in many years, but it did install 110 MWh of battery storage.
Tesla/SolarCity plans $340 million securitization of distributed solar assets
The latest bundling of solar leases and PPAs by the company that pioneered the practice is not small one.
Amid devastation, Tesla begins restoring power in Puerto Rico
Current estimates suggest 80% of Puerto Rico is still without power, but thanks to Elon Musk’s efforts at least one children’s hospital has been able to turn the lights on.
Tesla resolves Justice Department inquiry for $29.5 million
A 5-year investigation regarding claims that SolarCity inflated the value of PV systems to game a federal cash grant program has finally been put to rest.
Tesla begins production of solar cells at Buffalo gigafactory
Tesla described the test production as an “interim milestone” and told AP that it expects to begin ramping production by the end of the year.
Home Depot expands its rooftop solar energy program by 50 stores
The home improvement giant will add nearly 50,000 solar panels to new sites in five states in a push to meet its alternative-energy use goals of 135 MW by 2020.
Tesla seeks $1.5 billion bond offering while shifting its solar strategy
The EV, battery and solar company continues to raise record amounts of cash as it ramps Model 3 production. At the same time, it’s emphasizing profitability from its solar business, which has undergone a significant transformation since the company bought SolarCity.
Tesla begins pilot deployment of its Solar Roof
The BIPV product is only on the homes of its employees (including its executives) right now, but Tesla predicts that it will begin producing Solar Roof tiles from the Buffalo gigafactory by year end.
Turmoil in residential solar
After years of steady, relentless growth, the U.S. residential solar market is struggling with challenges on both the policy and customer acquisition fronts. And as the market diversifies away from California and the Northeast, the future is far from clear.
Peter Rive to leave Tesla
The SolarCity co-founder has left to “explore other opportunities” two months after his brother and fellow SolarCity Co-Founder Lyndon Rive announced his departure.
