SolarWorld Enters Insolvency. In Germany, the process for insolvency is rather tough for management. Your responsibilities and exposure can be rather onerous and the departure of the management team can be telling. Last week, rumor had it that investors were close to a deal to save SolarWorld. This could still happen but it appears less likely now that the company has entered insolvency proceedings and the team has resigned.
An Arizona Reminder. I know it’s hard to keep up with everything going on but there is still an open investigation in Arizona regarding the corporation commission election a few years ago. Since the investigation started, the investigators have charged a former commissioner and his wife as part of a broader review. Documents will be seen and dealmaking will surely happen now that there is leverage and the aim seems still to be on APS, part of Pinnacle West.
Retrospective Perspectives. Andrew Beebe has been around solar for a lifetime, which means starting between the years 2005 and 2007. I remember the days of ‘alternative’ energy and agree that the energy piece of the conversation is largely gone, now focused on renewable instead. That being said development of renewable energy still seeks capital from special situations groups instead of private equity firms built around this entire premise. Money looks for deals more than deal development. That is the natural next step in my opinion to make solar gain market share into double digits of total supply.
- PV-Tech: SolarWorld’s management resign as official insolvency starts
- Think Progress: This utility is being investigated by the FBI for trying to block rooftop solar
- Greentech Media: The Death of ‘Alternative Energy’
- PV-Magainze: SunPower to sell its stake in 8point3
- Fortune: Tesla Loses Key Executive in Charge of Battery Technology
- The Guardian: Utilities companies won’t let you sell your own solar power. Why not?
- New York Times: BP in Talks With Electric Carmakers on Service Station Chargers
- Reuters: Panel beaters – Australia utilities branch out as customers shift to solar
Opinion
Have a great day!
Yann