SolarCity Prices Its IPO But Is It A Solar Company Or A Financial Firm?
SolarCity on Tuesday priced its initial public offering between $13 and $15 a share, going where few companies have dared to go as the market has grown hostile to green tech startups, particularly those in the solar business.
While SolarCity does indeed install photovoltaic panels on residential and commercial rooftops, its business and future success depends on putting together investment funds that finance solar leases for homeowners. Some 90% of SolarCity’s customers opt to rent their solar panels for a monthly fee rather than fork over five figures for a typical photovoltaic arrays.
Read more at Forbes.com
Polar Ice Sheets Melt Faster
Higher temperatures over the past two decades have caused the polar ice sheets to melt at an accelerating rate, contributing to an almost half-inch rise in global sea levels, according to the most comprehensive study done so far.
The new study, published Thursday in the journal Science, estimates that the melting of the ice sheets as a whole has raised global sea levels by 11.1 millimeters (0.43 inch) since 1992. That represents one-fifth of the total sea-level increase recorded in that period. In the 1990s, melting of the polar ice sheets was responsible for about 10% of the global sea-level rise, but now it represents about 30%, the data suggest.
Read more at the Wall Street Journal