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Category Archives: International News

Tesla completes its $2.6 billion acquisition of SolarCity

Article taken from The Verge: As expected, Tesla completed its $2.6 billion acquisition of SolarCity, a company spokesperson confirmed Monday. The deal unites two of Elon Musk’s companies, enabling the billionaire to sell both electric cars and solar roofs to his customers under one corporate brand. Last week, over 85 percent of Tesla shareholders approved the deal, which was first announced by Musk back in August. At the time, Tesla said that merging the two companies would allow them to scale Read More...

Climate change: EU eyes new green energy targets

An EU summit has begun in Brussels aiming for agreement on carbon emission cuts that could make Europe a global leader again in climate policy. The European Commission has proposed a 40% cut in CO2 emissions by 2030. The EU also aims to boost the use of renewable energy to 27% in the total energy mix. Europe’s reliance on Russian gas has become a hot topic because of the Ukraine crisis, besides the climate impact of CO2. The leaders will Read More...