SolarCity IPO goes ahead with slashed share price. Plus: Conergy’s cyclone-proof PV; $170m to US offshore wind; UK power price warning.
SolarCity tests the limits in IPO; Transfield’s Spanish solar thermal project; large scale solar boom continues in Chile, Sunergy says Australia provides one quarter of revenues.
Not many companies have dared make a full-frontal assault on the decades-old business model of energy utilities. That’s because no-one had a disruptive technology or a disruptive game plan. SolarCity says it has one, which is why its IPO will be viewed with great interest, including in Australia.
The companies’ latest project will cover more than 850 military homes with about 18,000 solar panels generating about 6.4m kWh of electricity annually.