The World's #1 Renewable Energy Network for News, Information, and Companies.
Untitled Document

SolarCity Rides the Rising Demand for Solar PV, Plans To Go Public

On the heels of Brightsource Energy's announcement last month that it was canceling its plans to go public, SolarCity on Monday announced that it plans to conduct a registered initial public offering (IPO) of its common stock.

The IPO will begin after the Securities and Exchange Commission completes the review process that SolarCity initiated on April 26. No further information about the IPO — such as when and at what price shares will be available — is available at this time.

SolarCity has been in the residential solar PV leasing space since 2006 and expanded into the energy efficiency market soon after that. The company installs, operates, monitors and maintains PV and energy efficiency systems for customers in 15 states with planned expansion into many more states across the U.S. Customers receive a discounted utility bill that reflects the costs savings they have achieved through the energy efficiency improvements or PV systems installed.

Brightsource, which develops large-scale concentrating solar power plants, canceled its IPO on April 12 due to “adverse market conditions.” CSP developers have struggled with costs due to very low PV panel prices. But those very same low PV panel prices have increased demand for solar PV, which is a boon for leasing companies like SolarCity.

Image: Tsunami of Gold via Shutterstock.

Untitled Document

RELATED ARTICLES

There is no current content available.
Jennifer Runyon is chief editor of RenewableEnergyWorld.com and Renewable Energy World magazine, coordinating, writing and/or editing columns, features, news stories and blogs for the publications. She also serves as conference chair of Renewable ...

CURRENT MAGAZINE ISSUE

Volume 18, Issue 4
1507REW_C11

STAY CONNECTED

To register for our free
e-Newsletters, subscribe today:

SOCIAL ACTIVITY

Tweet the Editors! @megcichon @jennrunyon

FEATURED PARTNERS



EVENTS

5th Annual Hydro Plant Maintenance

Join maintenance professionals to discuss the challenges in maintenance ...

Presenting at Infocast's Utility Scale Solar Summit 2015

Oct. 21, 2015 4:30-5:15pm Albie Fong, National Director, Solar Frontier ...

Utility Scale Solar Summit 2015

Oct. 21, 2015 4:30-5:15pm Albie Fong, National Director, Solar Frontier ...

COMPANY BLOGS

Compression: That’s What It's All About

With Intersolar already 2 weeks behind us (how did that happen...

Behind Every Good Decision

When something about your business isn’t working, you set out to c...

Clean Energy Patents Maintain High Levels in First Quarter, Solar L...

U.S. patents for Clean Energy technologies from the first quarter of 201...

NEWSLETTERS

Renewable Energy: Subscribe Now

Solar Energy: Subscribe Now

Wind Energy: Subscribe Now

Geothermal Energy: Subscribe Now

Bioenergy: Subscribe Now  

 

FEATURED PARTNERS