Renewable Energy

Audi to unveil rival to Tesla X at Frankfurt Auto Show

BERLIN (AP) — Audi is planning to unveil an electric sport SUV concept with a range of over 310 miles (500 kilometers) — well beyond the range of rival carmaker Tesla's Model S and soon-to-launch Model X, the German automaker said Wednesday.

According to a statement, Audi's as-yet unnamed electric SUV will begin production in 2018. It will unveil the vehicle at the upcoming Frankfurt Auto Show, which opens to the press Sept. 15.

Report: Utilities warming to community solar programs

The Washington Post

A study from the University of Texas at Austin suggests that some utilities are looking to expand community solar programs to break into the business, finding it a more beneficial option than net metering from individual customers' rooftop arrays,The Washington Post reports.

Calif. lawmakers seek oversight hearings on green jobs measure

SACRAMENTO, Calif. (AP) — California lawmakers from both parties are calling for more stringent oversight of a clean jobs initiative after an Associated Press report found that a fraction of the promised jobs have been created.

The report also found that the state has no comprehensive list to show much work has been done or energy saved, three years after voters approved a ballot measure to raise taxes on corporations and generate clean-energy jobs.

Tesla to raise around $500 million in public offering

DETROIT (AP) — Electric car maker Tesla Motors said Thursday it hopes to raise around $500 million in a stock offering that comes as it prepares to roll out its highly anticipated new SUV.

Tesla will offer 2.1 million shares and expects net proceeds of $492.6 million. Tesla could make up to $566.5 million if the underwriters exercise their option to buy additional shares.

Tesla sells shares to raise cash, Musk to spend $20 million


Elon Musk will buy $20 million worth of the $500 million in shares Tesla is putting up for grabs to help fund its battery gigafactory and its planned Model 3 electric car, Reuters reports.

Koch brothers leading battle against rooftop solar, Reid charges

Las Vegas Sun

The Koch brothers are leading a nationwide campaign to limit rooftop solar because of their investments in carbon fuels, and they have a key Nevada ally in Berkshire Hathaway’s NV Energy, Senate Minority Leader Harry Reid, D-Nev., told the Las Vegas Sun.

Guyana abandons plans to build $2.6B hydropower plant

GEORGETOWN, Guyana (AP) — Guyana is scrapping plans to build a $2.6 billion hydropower plant following concerns about the cost of a project that has been repeatedly delayed.

Finance Minister Winston Jordan said Wednesday that the cost would be more than double the country's external debt.

Alabama Power presenting renewable plan

Birmingham Business Journal

The Alabama Public Service Commission holds a hearing Wednesday on a proposal by Southern Co. subsidiary Alabama Power Co. to seek up to 500 megawatts of renewable energy projects, the Birmingham Business Journal reports.

Wanxiang to build Fisker car in Southern California

Los Angeles Times

Wanxiang Group, the Chinese auto parts company that bought bankrupt Fisker Automotive, has signed a lease for a facility to build Fisker electric cars in Riverside County, the Los Angeles Times reports.

Hard times for SunEdison

St. Louis Post-Dispatch

The decline in SunEdison's stock price over the past three weeks has cost the company $5 billion in capitalization, following a report of a bigger-than-expected loss in the second quarter and the disappointing performance for its second yieldco, the St. Louis Post-Dispatch reports.


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