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Tag Archives: SolarCity

Apparent conflicts of interest may dog Tesla-SolarCity deal

Elon Musk

SAN FRANCISCO (AP) — It’s a proposal that would unite two companies on shaky financial ground as they plow into relatively new markets. One makes electric cars, the other installs solar panels. There are few obvious synergies. Perhaps even more puzzling are the motives of Elon Musk, a polarizing billionaire who is the chairman and largest shareholder of both companies. ...

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Lobbying by renewable energy groups on rise in Massachusetts

BOSTON (AP) — An effort to jolt Massachusetts’ reliance on solar and wind projects has surged in recent years, powered in part by an increase in lobbying by supporters of renewable energy. In 2015, nearly two dozen renewable energy companies and advocacy groups poured more than $1.5 million into lobbying in an effort to get their voices heard by Beacon ...

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Nevada lawmakers meeting with Elon Musk at Tesla Gigafactory

A digitally rendered aerial view of the Tesla Gigafactory. (Image courtesy of Tesla Motors)

RENO, Nev. (AP) — Nevada lawmakers and economic development officials are getting a closer look at Tesla’s massive Gigafactory and hearing directly from CEO Elon Musk about the future of energy technology. Several lawmakers visited the operational battery plant for the first time Wednesday evening. They met with Musk and his cousin Lyndon Rive, who’s CEO of rooftop solar company ...

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Energy sector movers, losers, and news: Oil reaches 12-year low

stocks,

This week oil is down at $28.95 per barrel from 30.89 last Friday, February 5th, a 6.7 percent change. Oil reached $26.21 Thursday, February 11 which is the lowest oil has been since 2003. CNN reports Janet Yellen, Chair of the US Federal Reserve, acknowledged the global economy challenges, but that the central bank will still move to gradually raise ...

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SolarCity backing effort to take solar rate fight to voters

CARSON CITY, Nev. — Rooftop solar company SolarCity wants to take its fight over new solar rates to the voters. The company is supporting a petition expected to be filed Monday that could take power away from the energy regulators at the Nevada Public Utilities Commission. The measure could go to the ballot if supporters gather enough signatures. Nevada lawmakers ...

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Buyer beware: Solar power may be missing key ingredient

MONTPELIER, Vt. — Want to cut reliance on your fossil-fuel-burning utility, but don’t have space for solar panels? Easy, the sales pitch goes, buy a share in the new “community solar array” being built on the outskirts of town. But experts and regulators say there’s a catch. Some of the biggest marketers of such deals are stripping the “green” benefits ...

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SolarCity and Congress reach deal on taxes, spending to extend solar energy investment

WASHINGTON — Buffalo’s burgeoning SolarCity development got a big boost from Congress on Wednesday in the form of a tax and spending deal that would extend the solar energy investment tax credit for five years while allowing businesses to claim the tax break more quickly. The expanded solar energy tax credit highlighted the tax and spending deal, which also includes ...

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SolarCity launches fund for U.S. commercial solar projects

solar power

SolarCity Corp has started a fund that includes an investment from Credit Suisse to finance more than $1 billion in commercial solar energy systems for companies, schools and government organizations in the United States. The fund is expected to finance more than 300 megawatts of new commercial solar projects over the next two years, SolarCity said in a statement on ...

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Solar-power plane airborne on historic round-the-world trip

ABU DHABI, United Arab Emirates — With its wings stretched wide to catch the sun’s energy, a Swiss-made solar-powered aircraft took off from Abu Dhabi just after daybreak Monday in a historic first attempt to fly around the world without a drop of fossil fuel. Solar Impulse founder André Borschberg was at the controls of the single-seat aircraft when it ...

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Xcel to add solar power to its New Mexico-Texas portfolio

ROSWELL, N.M. — Two planned solar generating stations are expected to boost Xcel Energy’s renewable energy portfolio for electric customers in New Mexico and Texas. The utility announced Thursday it has signed power purchase agreements with affiliates of NextEra Energy Resources, which plans to build solar farms near Roswell. The agreements require the approval of the New Mexico Public Regulation ...

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