Elon Musk surely enjoys poetry. He chose the Summer solstice to acquire SolarCity. The deal makes sense for many reasons and we will discuss many of them in due time. With a depressed stock price at SCTY and great access to capital at TSLA but the acquisition is much more in my opinion. The new Tesla would become an end to end consumer energy company. From solar modules to generate power (the factory in Buffalo will use cells from the US, a correction from yesterday’s tariff story), powerwall to store at home and the vehicle to move that energy from one point to another. Let’s see where this goes.
- Vox: Elon Musk wants to build a clean-energy juggernaut, merging Tesla and SolarCity
- Greentech Media: The Benefits and Drawbacks of Tesla’s Plan to Acquire SolarCity
- Rocky Mountain Institute: New Ruling Opens Up 400 GW Renewables Market
- Utility Dive: How storage can help solve the distributed energy ‘death spiral’
- PV-Tech: SolarWorld and Hemlock continue last ditch talks as ‘crucial’ court date cancelled
- US News: California Utility to Close State’s Last Nuclear Plant, Replace it With Solar and Wind
- CleanTechnica: How Can India Accelerate Its Rooftop Solar Deployment?
- The Guardian: Australians have spent almost $8bn on rooftop solar since 2007, says report
Opinion
Have a great day!
Yann