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From Electrek: Tesla is acquiring part of an interesting startup trying to light up Africa...

Discussion in 'News from Electrek.co' started by RSSFeed, Nov 16, 2016.

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    Tesla is acquiring part of an interesting startup trying to light up Africa through its SolarCity acquisition

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    Tomorrow, Tesla and SolarCity shareholders will vote on the merger of the two companies. While it’s not exactly a done deal, everything points to the merger going through after major institutional shareholders voiced their supports and CEO Elon Musk disclosed that early votes were “overwhelmingly” in favor.

    Tesla’s CEO recently mentioned that the combination of energy storage and solar energy will enable developing nations to leapfrog the fossil fuel era and go directly to renewable energy.

    The comment is particularly interesting if you consider that through its acquisition of SolarCity, Tesla is acquiring shares in a company that is trying to attempt exactly what Musk was describing. more…

    Filed under: Uncategorized [​IMG] [​IMG] [​IMG] [​IMG] [​IMG] [​IMG] [​IMG] [​IMG][​IMG]

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