It’s been a long time coming, but Tesla’s annual report confirms that the SolarCity-Silevo romance has come to an end
The Chinese integrated PV manufacturer’s stock has traded above the New York Stock Exchange’s (NYSE) minimum threshold of $1.00 per share for 30 straight days.
The Empire State’s solar industry has attracted nearly $1.5 billion in private investment, putting its goal of producing 50% of its electricity from renewables by 2030 in reach.
The Chinese PV module supplier has 90 days to regain compliance with the listing standards of the New York Stock Exchange, according to a letter it received last week from the market regulator.
The agreement includes a direct investment of $100 million by the utility to fund 200 MW of solar projects across the installer’s national portfolio.
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