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Week Review 1-5 August - Tesla/SolarCity merger; First Solar results & Trina Solar strategy


05 Aug. 2016 by Tom van der Linden, Solarplaza



Tesla to complete the chain and produce own inverters

Though no larger statement has been made yet, Elon Musk himself has confirmed his intent to produce their own solar inverters in the future and have the Tesla / SolarCity venture be a fully integrated energy company. This isn't great news for inverter manufacturer SolarEdge, who had been supplying SolarCity with their products up until now (and their shares have been tumbling as a result).    

Apple permitted to sell (solar) power

The electronics manufacturer and service provider, that owns a portfolio of solar PV plants and other renewable power sources, has been granted permission by the Federal Energy Regulatory Commission (FERC) to sell electricity generated by their plants at market rates. 

First Solar: financial results & strategic shift

Longi Silicon & ET Solar to partner up

Longi Silicon, the largest monocrystalline product producer, and module manufacturer ET Solar entered into a Joint Venture (JV) to cooperate on PV manufacturing. Longi already announced a target of 10GW of silicon production and expansion of cell and module production past 2GW/

Tesla & SolarCity merge confirmed

Tesla issued a statement saying that the two companies reached an agreement to combine, "creating the world's only vertically integrated sustainable energy company." Other reports say there's still work to be done on convincing shareholders. Both companies' shares dropped upon the announcement.

Trina Solar strikes deal to go private

Through a construction that includes a merger with Fortune Solar Holdings and Red Viburnum, followed by an all-cash transaction by an investor consortium (including Jifan Gao, the founder and chairman), Trina Solar will delist from the NYSE and become a private company once more. IHS analyst Ash Sharma explains the rationale behind the move, citing freedom in setting a more long-term course as an important motive.


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