As the Nov. 8 election draws ever nearer (are we there yet?), Florida's Amendment 1 comes ever closer to either success or failure — and Florida residents just can't let the utilities win. More corruption was exposed this week by The Miami Herald — and we asked Mary Anne Hitt, director of the Sierra Club's Beyond Coal program, to talk about it.
As the Nov. 8 election draws ever nearer (are we there yet?), Florida's Amendment 1 comes ever closer to either success or failure — and Florida residents just can't let the utilities win. More corruption was exposed this week by The Miami Herald — and we asked Mary Anne Hitt, director of the Sierra Club's Beyond Coal program, to talk about it.
[soundcloud url="https://api.soundcloud.com/tracks/290320018" params="color=ff5500&auto_play=false&visual=false&show_playcount=false&hide_related=false&show_comments=true&show_user=true&show_reposts=false" width="100%" height="166" iframe="true" /]Couple of news items that are important for your day today. We have now seen the first campaign debate on energy in the Presidential campaign, albeit between campaign advisors. Trevor Houser (Clinton energy advisor) and Rep. Kevin Cramer (R-ND, Trump campaign) met at the University of Richmond. In the hourlong debate which you can watch in its entirety, we confirmed what we already knew. A Trump victory means climate change would be considered non-existent and the Paris Deal gets squashed. Not a good day for the planet. On more positive news, Tesla beat investor expectations by a mile. The company had to show a good result before returning to dramatic levels of investments for the SolarCity acquisition and Model 3 expansion. A new pitch deck from Tesla is out, explaining the benefits of the acquisition to its shareholders, see it here.
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Yann
Another twist of events in the Terraform Power story. If you recall, a few months ago David Tepper and Brookfield Asset Management made a play at buying the yieldco. This idea has now been replaced by a larger owner of the company, DE Shaw, otherwise known as DESRI. DE Shaw is one of the sharpest players in the solar market, anyone that has dealt with them likely agrees with me. They also have a relationship with the Alberta Investment Management Corporation (AIMCo), a Canadian pension fund, which could give it some aggressive source of capital. Let’s see if they are also looking to increase their ownership in addition to becoming the sponsor of the assets.
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Have a great day!
Yann