27 Jan '16, 10am

SolarCity back in growth mode with US$160 million financing

SolarCity back in growth mode with US$160 million financing

SolarCity appears to be back in growth mode with the agreement of a US$160 million financing deal for residential rooftop arrays. Prior to the confirmation of the investment tax credit extension, the company said it was changing strategy. In an October conference call the company said the days of 80-90% growth were behind it and 2016 projections would be closer to 40% with the goal of being cash-flow positive by the end of 2016. BofA Merrill Lynch, KeyBank, and Silicon Valley Bank pieced together the latest five-year financing that will be used to fund residential installs. The company had been targeting cost efficiencies in its installations that would track the reduction in the ITC. With the extension and slowed phase down approved, the company would appear to be comfortable borrowing for growth once again. As late as mid-December, the company said in an investor present...

Full article: http://www.pv-tech.org/news/solarcity-back-in-growth-mode...

Tweets

Huawei to lead smartphone vendors in shipment g...

digitimes.com 27 Jan '16, 6am

Huawei to lead smartphone vendors in shipment growth in 2016 Max Wang, Taipei; Steve Shen, DIGITIMES [Tuesday 26 January 2...

iPay88 Locks in eCommerce and Mobile Commerce as 2016 Growth Surge Points

iPay88 Locks in eCommerce and Mobile Commerce a...

amanz.net 27 Jan '16, 4am

While 2016 had a turbulent start and brought in uncertainty and many risky factors, iPay8 – a Malaysian-based online payme...

Are Automakers Pushing Back Against US Fuel Economy Standards?

Are Automakers Pushing Back Against US Fuel Eco...

hybridcars.com 28 Jan '16, 5am

The EPA says fuel economy improved 26 percent in the last 10 years. However, said Cooke, you can safely ignore unqualified...