SolarCity Plans an IPO, and Global Investors Call on Governments to Take Action on Climate Change Policy - Energy Minute for November 27, 2012
An open letter from the world’s largest investors has been sent to governments of the largest economies calling for a new dialogue on climate change policy. The letter asks for clear, consistent and predictable policies to encourage low carbon investment, knowledge sharing between governments, and stronger international agreements. The letter was prepared by the European Institutional Investors Group on Climate Change, the North American Investor Network on Climate Risk, the Australia/New Zealand Investor Group on Climate Change, the Asia Investor Group on Climate Change, and the United Nations Environment Programme Finance Initiative. The request was facilitated by CERES, a national coalition that works with companies to address sustainability issues.
SolarCity Corp. is planning to launch its initial public offering before the end of the year. The San Mateo-based solar company has filed for a $200 million IPO and plans to begin its road show this week. SolarCity has seen rapid growth with its model of letting customers lease its solar systems, paying a monthly fee, and avoiding upfront installation costs.
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