SolarCity completes the acquisition of Zep Solar, for a total consideration of approximately $158 million. The purchase price was paid in approximately 2,752,000 shares of SolarCity common stock and the assumption of options to acquire approximately 303,000 shares of SolarCity common stock.
A draft report by South Carolina's Energy Advisory Council (EAC) says that the state should work toward a grid that will be significantly more dynamic and versatile than today's system, not relying on single power producers. Currently, North Carolina is one of the least solar friendly states in the nation. The final report is intended to provide regulators and legislators with the information they need to understand the issues and know what's at stake.
At the U.S. Solar Market Insight Conference, Shayle Kann, Vice President of Research at GTM, shows that solar is well on its way to becoming mainstream.
The Los Angeles Business Journal names Verengo to its List of 100 Fastest-Growing Private Companies for the second year in a row. The list recognizes companies with year-over-year revenue growth and a significant positive impact on Southern California's economy. Verengo’s revenues grew from $27.3 million in 2010 to $108.1 million in 2012. The company is the only solar installation company to make this year's list.
JMC Homes partners with PetersenDean and Canadian Solar, offering all new homes in its recently opened community in Lincoln, California, with solar as a standard feature. This is the latest in a trend among homebuilders.
The U.S. installed 930MW of PV solar in the third quarter of 2013, representing the second largest quarter in the history of the U.S. solar market. The residential segment showed an impressive increase of 45% year-over-year and posted its largest quarter ever with 186 MW installed. This year is likely to be the first year in more than 15 years in which the U.S. installs more solar capacity than world leader Germany.
Honolulu-based Bonterra Solar enters into a partnership with residential solar installer SunRun. Under the partnership, Bonterra will install solar PV arrays on Hawaii houses at little to no upfront cost to the homeowner, and SunRun will own, insure, monitor, and maintain the systems.
Colorado-based Namasté Solar brings solar to schools, homeless shelters, and community centers in addition to residential customers. An accredited B Corporation, the company considers benefits to multiple stakeholders and attributes much of its success to its unique business model.
The Public Utilities Commission of Ohio (PUCO) revises its interconnection procedures for electrical generation, making it easier for smaller solar and wind systems to connect to the grid. These new interconnection procedures are a positive step forward for the deployment of low-carbon energy generation throughout Ohio.
Residential solar provider Astrum Solar appoints Jose Ramos as the company's Executive Vice President and Chief Marketing Officer. Ramos brings over fifteen years of marketing, operations, and strategy experience to the company, and in his role he will build and lead a team of marketers to drive the next stage of the company's growth.
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