#ICYMI Cleantech News 6/3/16

Welcome again to our series of In Case You Missed It (ICYMI) cleantech news blog posts. These blog posts feature some of the most interesting, compelling and/or impactful cleantech news of the week. As of 6/3/16, we’ll be moving away from our weekly blog format and will now be publishing a new blog on a monthly cadence.

This week’s highlights include Chile’s solar industry giving electricity away for free, news that Tesla’s Gigafactory will officially open on July 29th, and a feature from Greentech Media’s Jeff St. John on the top trends behind multibillion-dollar market for utility mergers and acquisitions.

Here are some of the top stories in cleantech this week:

· SOLAR: According to Bloomberg, Chile’s solar industry has expanded so quickly that it’s giving electricity away for free,

· TESLA: Chris Ziegler of The Verge reported that Tesla’s Gigafactory will officially open on July 29 with a ceremony at the facility.

· TRENDS: Greentech Media’s Jeff St. John took a look at the top trends behind multibillion-dollar market for utility mergers and acquisitions.

· RENEWABLES: Developing nations invested $156 billion in renewables in 2015 — a 19 percent increase on the year before, and more than all richer nations combined, according to Quartz’s Cassie Werber.

· REPORT: A survey from KPMG on energy executives found that 60 percent of US energy executives expect 50 percent renewables by 2045, reported Utility Dive’s Robert Walton.

Have any burning questions about cleantech? Interested in learning more about our cleantech practice? Contact us at cleantech@eastwick.com