Every utility has a slightly nuanced process for granting permission to operate. The litigation is not adversarial being named in the foreclosure proceeding provides us with advance notice that we need to reassign a contract, and many are immediately resolved with the relevant bank.. In April 2022 a Delaware court ruled in favor of defendant Elon Musk in a shareholder lawsuit over Tesla's $2.6 billion acquisition of SolarCity. The Rive brothers are cousins of Elon Musk, who became chairman of their company. solarcity foreclosure addendum. Yes. SolarCity, the nation's leading installer of rooftop solar panels and a renewable energy darling, has pitched its value to investors on a simple premise: Once customers sign up to lease a system,. reggie white sarcoidosis. When the purchase of the property is complete, the seller must notify us to confirm closing by escrow or closing representative.Step 6: Update to New Owner The cases raise questions about how well the company vets customers. If you receive an email, door hanger, or tag on your electric meter regarding your solar system, please contact Tesla Customer Care. The state's case revolves around two documents, which include an invoice from Solar Foundations Systems dated February 25, 2011, and a December 2011 letter signed by Ryan Davies, the former head of RedCo, a Utah-based company, which was the second developer on the project. If on the flip side, you use less electricity than what the system produces, the excess will flow to the utility as a credit that can be used at a later date. Late last year, SolarCity executed on a solar financing milestone and offered a private placement of $54.4 million of an "aggregate principal amount of Solar Asset Backed Notes, Series 2013-1." According to court records, Ms. Hickerson stopped paying her mortgage on Feb. 1, 2016. If you are the buyer or escrow, reach out to the system owner to initiate the contract reassignment process with us. "[33] In April 2022 a Delaware court ruled in favor of defendant Elon Musk in a shareholder lawsuit over Tesla's $2.6 billion acquisition of SolarCity. "[102], SolarCity installed SolarEdge inverter systems with a type of DC-DC converter called an optimizer. The assuming party is contacted to review the obligations of the agreement and address any other questions.Step 3: Transfer Agreement Signing endobj With an Energy Crisis Brewing, No Peak in Sight for Emissions, Why TransitTech Is So Vital to Struggling Public Transportation Systems. [34][35] The court also noted that since the acquisition "Teslas value has massively increased". The customer owns the system. If you require more electricity than what the system can provide, you will pull that from the local utility at their regular rates. nandos creamy mash recipe / police chase byron bay today / police chase byron bay today The company said it was planning to have the document filed in court on its behalf corrected. [36], In April 2017, the chief policy officer of SolarCity, John Wellinghoff, left SolarCity. The company, she said, will be able to either lease its panels to the new buyers of her home or remove them. Sunrun, a competitor, has been named in a small number of cases. "[26] As part of Elon Musk's "The Secret Tesla Motors Master Plan," Tesla sought to expedite the world's move from a mine-and-burn hydrocarbon economy towards a solar electric economy. It now uses a score of 650, generally considered a fair rating, as the cutoff. No products in the cart. [40], At around the start of the lawsuit, it was revealed that Tesla had initiated a secretive program, called Project Titan, to "replace solar-panel parts that could cause fires" as early as the previous summer. This is required before SunPower can proceed with the request to process the refinance request and terminate any of the filings. Simply select "Foreclosed property" then "Search". Their service has always been terrible since day 1 but I figured the product advantages outweigh the inconvenience. These systems cause radio interference as documented in April 2016 QST magazine a publication of the ARRL. . SolarCity used proprietary mounting hardware that "snaps together" on rooftops eliminating the need for rails and utilized skirts to hide the hardware and panel edges. You can learn more about Net Energy Metering. Solar Market Insight report in noting that the U.S. solar residential sector roughly tripled in size to 792 megawatts (DC) in 2013 from 246 megawatts in 2010. Company executives say that even after figuring in foreclosures, more than 99 percent of contracts are reassigned, relocated or paid off in advance. The wind industry is in a period of intensifying competition and shifting demand that requires a multi-faceted view of the global market. For a consumer with a sub-700 score, its likely that there are already some indicators of risk there, but not a severe one to that particular lender, I guess, at that point, said Rod Griffin, director of public education at Experian, a credit reporting agency. "), The yield on SolarCity's BBB+ rated 2013-1 notes was 4.80 percent. What SolarCity offers its customers is simple in theory: savings on their electricity bills. If any portion of this Addendum conflicts with any provision of the Agreement, the provisions of this Addendum shall prevail. To find it, go to the App Store and type signNow in the search field. If you are interested in receiving legal advice and/or representation from Combs Law Group, P.C., please contact our office at (602) 957-9810. [95] The investigation also found that "phony and misleading documents" were submitted for some projects, and there was a bribery scheme involving the projects' energy consultant and a state Energy Department manager. ", On April 29, 2016, then-U.S. Attorney Preet Bharara (of the Southern District of New York) began an investigation into state construction projects and contracts, including the Buffalo Billion. . If the solar panels are leased from or owned by a third party under a power purchase agreement or other similar lease arrangement, the following requirements apply (whether to the original agreement or as subsequently amended). However, in 2021 Panasonic announced that they'll no longer manufacture their own solar panels (they previously had a manufacturing deal with Tesla). [85], Elon Musk announced in 2017 that production of Tesla's solar roof products would be moved to the Buffalo facility at the end of 2017. In at least 14 cases, the homeowners were already in default, or had other liens on the property, by the time SolarCity filed paperwork about the panels with the government. Therefore, if the buyer of the home after the foreclosure sale doesnt want to make the payments to the solar panel company for the solar panels, the buyer of the home will probably have to pay the solar panel company for the cost to remove the solar panels, which can be $8,000-$10,000. Tesla files a UCC-1 financing statement to protect our interest in our personal property, the solar system. Revenue from Tesla's energy generation and storage operations from January to September 2019 fell 7% from a year earlier to $1.1 billion. Payments are calculated based on the system production, but they are applied toward the purchase of the system. I just moved into my new home, are my solar panels working? You will receive a final invoice within two billing cycles after Close of Escrow on the home. This filing protects our rights as the systems owner; however, does not make claim against the real property. 124", "Tesla Has Won Antitrust Approval to Buy SolarCity", "Tesla and SolarCity confirm merger in $2.6BN stock deal", "Tesla shareholders OK SolarCity deal: 'Your faith will be rewarded,' Elon Musk says", "Tesla's Acquisition of SolarCity Receives Shareholder Approval", "Early Christmas Present For Elon Musk As Shareholders Bless Tesla-SolarCity Merger", "Shareholders to vote on Tesla-SolarCity merger next month", "Elon Musk wins $13B suit over Solar City deal Tesla shareholders called a 'bailout', "Elon Musk wins shareholder lawsuit over Tesla's $2.6 billion SolarCity acquisition", [https://web.archive.org/web/20220524153414/https://www.cnbc.com/2022/04/27/elon-musk-wins-shareholder-lawsuit-over-the-companys-2point6-billion-solarcity-acquisition.html Archived, "Former FERC chair Jon Wellinghoff no longer at SolarCity", "Former SolarCity CEO Lyndon Rive will leave Tesla", "SolarCity cofounder Peter Rive is leaving Tesla months after multibillion acquisition", "Tesla settles with Walmart over solar panel installations, fires", "Solar power for less than your cable bill | Environment Forum", "SolarCity provides SF power below grid price | Green Tech - CNET News", "Why Lease When You Can Own? Tesla owns and maintains the system. Solar Loans through third-party financing companies may have a UCC-1 Financing Statement on title. [20], During 2015, the number of employees had grown by 69%;[21] at the end of 2015, SolarCity had 15,273 employees. The customer owns the system. Credit Suisse Equity Research reported that SolarCity was able to raise $1.71 per watt on top of tax equity (typically $1.80 to $2.20 per watt), indicating that at a minimum SolarCity is now able . Systems are updated to reflect the new owner under the solar agreement. Mr. Gangat is not a SolarCity employee. [95] One of SolarCity's solar panel suppliers employed prisoners at the Federal Correctional Institution in Sheridan, Oregon, to keep costs down.[95]. [46][47], In May 2008, SolarCity completed what was, at the time, the largest commercial solar installation in San Jose, at the North Campus of eBay. It outlined several complaints filed against the solar giant by Oregonians who claimed they'd been misled about costs, tax credits and energy savings by the company. [117], Installation vehicles with the original SolarCity logo, SolarCity vehicle with current SolarCity logo at night, Energy efficiency evaluations and retrofits, FCC receiving radio interference complaints, Newsmaker: Elon Musk on rockets, sports cars and solar power, "Solar Industry Data; Solar Industry Breaks 20 GW Barrier Grows 34% Over 2013", "Solar Installer Sues for U.S. Grant Funds", "SolarCity Acquires groSolar's Residential Installation Business", "SolarCity, Solar Panel Company, Establishes Hartford Office", "Solar City, eyeing growth in Pittsburgh region, opens operations center", "SolarCity expands services into South Carolina", "Elon Musk's SolarCity expanding in Clermont", "SolarCity launches new solar loan program in Vermont", "Solar Energy Giant To Move Into N.H. Market". [27] The proposal for acquisition was approved by antitrust regulators.[28][29]. [23] This was the first time in the company's history that it cut its workforce. The state appropriated $750 million in funding for the hub. [65][68] In 2012, the project continued with the Los Angeles Air Force Base in California, and Peterson Air Force Base, and Schriever Air Force Base in Colorado. Theyre still paying their electric bill, so they still pay us., When a customer loses a home to a bank, the ownership of the solar panels can become unclear. Transferring a solar agreement into your name is a simple process. Once you have received permission to operate, you can download the Teslaapp to monitor your system in real-time, anywhere. The New York state legislature planned to approve a budget in April 2017 that would give $500 million more into the Buffalo Billion program. But often, the score is assessed several months before a solar panel system is installed and registered plenty of time for financial circumstances to change. The foreclosure lawsuits do not appear to have made much of a dent in SolarCitys bottom line. According to The Oregonian, "Those backers provide upfront financing for the projects in exchange for a share of the project revenues and the federal and state tax credits, which they can use to offset their own taxes. Anyone who might perform a title search on the address where the system is located will see the UCC-1 which indicates that Teslas personal property is installed on the home. During the day, you will use all the electricity the system produces as your primary source. [109] From a resource perspective, Project Titan involved "ordering supplies including ladders and tool belts and sent crews out around the United States" to approximately 50 cities as well as replacements for the specific parts believed to be causing fires: Amphenol H4 connectors and SolarEdge optimizers. It has the potential to lower the cost of solar financing while enlarging the finance pool. The foreclosures can lead to a pause, or an end, of the lucrative monthly payments customers pay for the leases. Among SolarCity's better-known financing partnerships was a $280million fund created with Google to finance residential solar installations in June 2011. The company often pays most or all of the bill for the installation, worth $25,000 to $30,000 on average, and charges the customer an agreed-upon rate for the electricity the panels produce, typically 10 to 15 percent less than they would normally pay for power. Otherwise, it has a similar FICO requirement and a similar mix of project geography, price and sector mix. How does the solar system work with the local utility company? how many gigatons of carbon were released in 2019. Gangat is not a SolarCity employee. In California only, we also file a Notice of an Independent Solar Energy Producer Contract as required by the California Public Utilities Commission (learn more details). [103], In June 2017, the Vermont Public Service Board found that SolarCity was implementing solar projects in Vermont without approval required by law. The company has been named in 139 lawsuits where it is the defendant in legal proceedings based on "residential foreclosure action. Empiric. You or the title company attorney? Cuomo Donors Benefited", "Solar: Group wants Oregon AG to investigate sales practices", "Consultant to university solar project charged with forgery", "Solar project consultant charged with fraud in Oregon", "Lawmakers Probe Tax Incentives Received by Solar-Energy Firms", "SolarCity to pay $29.5 mln to resolve U.S. government allegations", "SolarCity's Ties to Foreclosure Cases Raise Questions on Vetting Policies", "SEC Probes Solar Companies Over Disclosure of Customer Cancellations", "Can Home Solar Power and Ham Radio Coesist", "State Says SolarCity Wasn't Following Permit Process", "Ex-SolarCity employees: We were fired after reporting millions in fake sales", "Ex-SolarCity workers sue Tesla, claiming it inflated sales with fake accounts", "Accessing Court Records for the San Diego Superior Court", "After seven roof fires, Walmart sues Tesla over solar panel flaws", "Last year, Tesla initiated 'Project Titan' a stealth nationwide program to replace solar-panel parts that could cause fires", "Here's everything we know about 'Project Titan' Tesla's covert program to replace solar-panel parts that could cause fires", "Advocacy group briefs FBI in Arizona Corporation Commission inquiry", SolarCity Announces Proposed Securitization, "Google invests $280 million in SolarCity", "The Alliance for Solar Choice - About Us", "About the SunShot Initiative | Department of Energy", "EERE Success StorySunShot-funded Advanced Inverter Testing Enables 2,500 Solar Energy Systems to Connect to Hawaii's Electric Grid", https://en.wikipedia.org/w/index.php?title=SolarCity&oldid=1142787208, This page was last edited on 4 March 2023, at 11:00. SolarCity heavily focused on door-to-door sales of leased systems, where customers would pay no upfront costs, but agreed to purchase the power generated by those panels from the company for 20 years. A UCC-1 fixture filing is not a lien it is only a notice that the solar system is the property of Tesla. Why does it take so long to activate my solar panels? "[102] According to the Wall Street Journal, "To generate business, solar companies have long relied on thousands of salespeople who knock on doors, make hundreds of cold calls and even trail people as they shop at retailers like Home Depot Inc., according to salespeople, executives and homeowners. The Federation of Canadian Municipalities (FCM) represents 1,900 Canadian cities and towns all across Canada and "has been the national voice of municipal government since 1901" (FCM, 2011). SolarCity has argued that the panels are its personal property.. Once the MyPower loan is paid off, the UCC-1 is removed. Roisman wrote, "Over the past few months, my office has observed a pattern of procedural issues with net-metering applications being pursued by your company." [96], In 2012, the Treasury Department began investigative interviews of solar firms regarding their fair market value calculations for constructed solar energy systems. [82], On March 30, 2017, The Oregonian said that Campaign for Accountability, a D.C.-based consumer advocacy group, and other groups have asked Oregon Attorney General Ellen Rosenblum to investigate solar panel sales practices[93] that "are designed to trick homeowners into buying or leasing solar panels" in violation of Oregon's Unlawful Trade Practices Act. Policy & regulation are aligning with renewables cost declines to make projects more profitable and portfolios more sustainable. But when asked about that filing, SolarCity said that it was currently involved in far fewer cases 139 and that the lawyer had been mistaken. endobj The business model became the most popular in the US and made the company the largest residential solar installer, but it caused SolarCity to have over $1.5 billion in debt by the time of its acquisition in 2016 (equivalent to $1.7 billion in 2021). As a banker colleague noted at the time, "It's not a bad rate. No. Systems Affected by Natural Disaster or Force Majeure Event, Refinance & Other Real Estate Transactions. In at least 14 cases, the homeowners were already in default, or had other liens on the property, by the time the San Mateo company filed paperwork about the panels with the government. What the Frack Is Happening With Natural Gas Prices? There may be a document processing fee associated if you require the UCC-1 to be released or subordinated for a financial transaction. Common requests include, but are not limited to: The next step is to get approval from your local utility to activate your Tesla energy products. MANDATORY SOLAR ENERGY SYSTEMS. Out of more than 305,000 installed customers, SolarCity is currently involved in 139 such proceedings, the company said in a statement. For legal advice: None of the statements on this website should be considered legal advice. SolarCity Corporation was a publicly traded company headquartered in Fremont, California that sold and installed solar energy generation systems as well as other related products and services to residential, commercial, and industrial customers. x]o6 >(C6/W]gHJk wEQ3CUp?Owop,;}Ea=]|d/_x-/X&*p}}}onoOJy/O-7Z_h6O[7[6|Tl{","|=cl[/_#dUo80;TDh$ W4Tu^FqFOahRy-(^DML4D+IYf5K0v_Co|e`b|X868yUBF~Sv'=&{;oMDNfk3V)"`[h7!jWzjoG$x8 [/YsUMf{f9^Ir=ijVl%"l6}ni$;DAc0UBPYi@!|y2 FAj3;^gBkyvR}8[;qiWN ~9 NPLZ/%%". All rights reserved. This filing will not interfere with real estate transactions. In a small number of cases our customers elect other options as outlined in their agreement. ", Credit Suisse Equity Research reported that SolarCity was able to raise $1.71 per watt on top of tax equity (typically $1.80 to $2.20 per watt), indicating that at a minimum SolarCity is now able to raise ~$3.50 per watt, covering all of the cash flow needs to grow rapidly, noting, "SolarCity should be able to grow rapidly without having to raise dilutive capital through convertibles or secondary equity issuances to fund the core business.". [92], According to The New York Times, Buffalo Billion would benefit "a tangle of well-connected players including developers and frequent donors to the governor who have feasted on Buffalo Billion money". The attorney for the title company that our brokerage firm uses said that your answer was wrong. In 2017, SolarCity settled the investigation by agreeing to pay $29.5 million without any admission of guilt or liability. An experienced financier tells Greentech Media, "I would say this is 'as expected.' Heres How It Worked and What It Cost, Congress Passes Spending Bill With Solar, Wind Tax Credit Extensions and Energy R&D Package. "Raising ~$1.71 per watt indicates SolarCity can utilize securitization after the ITC declines to 10 percent in 2017 when higher-cost tax equity will fund a smaller portion of initial capital outlay," writes the investment bank. Is the SolarCity Model the Only Way to Scale Residential Solar? [59] SolarCity expanded its energy efficiency services to the East Coast and worked with Admiral's Bank of Boston in March 2012 to make a new loan available to finance energy efficiency improvements.[60][61]. [16] By 2015, its installed panels were capable of generating 870 MW of solar power[17] and accounted for approximately 28% of non-utility solar installations in the U.S. that year. There is event risk, of course, that could change that conclusion, but we won't know that for just short of seven years. By 2016, the program achieved 70% of the progress towards the 2020 goal. Traditionally, solar panel installation had required workers to first outfit roofs with mounting rails and then attach solar panels to those rails. [102], The federal government is investigating whether solar companies are "masking how many customers they are losing." Where Will DOEs Loan Program Make the Next Climate Tech Investments? SolarCity shows a strength for raising funding with its third set of asset-backed notes at a weighted yield of 4.32 percent on a portfolio of 118 megawatts. Definitions and Interpretation: Unless otherwise defined or required by the context in which any term appears: (a) the singular includes the plural and vice versa; (b) the words "herein," "hereof" and "hereunder" refer to this Agreement as a Rooftop Solar Facing Tough Question", "Tesla-SolarCity merger: How risky is all that debt? According to Vermont Public Radio, Public Service Board Chair Anthony Roisman sent a letter to SolarCity warning the company that it needed to get regulatory approval before installing solar generation equipment and attaching it to the state's electrical grid. In July 2016, the Federal Bureau of Investigation interviewed the head of Checks and Balances as part of a larger criminal investigation into the financing of certain Arizona statewide races in 2014. What youll find on the title of a home with a Tesla solar system is a UCC-1 Financing Statement (sometimes referred to as a fixture filing). [76][77] Panasonic was to handle production at the Buffalo plant, investing $256 million. SolarCity is not the only company to find itself in the midst of such lawsuits. S&P notes, "SolarCity raised $201.5 million in two tranches ($160 million and $41.5 million at 4.026 percent and 5.450 percent yields, respectively) with a weighted yield of 4.319 percent," an improvement from the first two raises. Panasonic solar panels are popular among EnergySage shoppers and installers - in fact, they're the third most quoted brand in 2023! "[96] The company argues that the state hired Shain, and it had no knowledge of the phony documents in question; otherwise, it would have not pursued the endeavor. Frequently asked questions and answers about real estate transactions with home solar systems solar agreement transfers. [99] SolarCity received roughly $501.2 million in credits up until December 31, 2015. According to KOIN-TV, "The Davies letter reported $210,000 had been spent toward the project and that construction was progressing. But when asked about that filing, SolarCity said that it was currently involved in far fewer cases 139 and that the lawyer had been mistaken. [88] The state of New York required the company to employ at least 1,460 workers at the facility by April 2020 or face a $41.2 million penalty,[89] and in February 2020, the company reported having 1,500 workers at the facility. Sunrun, a competitor, has been named in a small number of cases. SolarCity was founded in 2006 by brothers Lyndon and Peter Rive. The company often pays most or all of the bill for the installation, worth $25,000 to $30,000 on average, and charges the customer an agreed-upon rate for the electricity the panels produce, typically 10 to 15 percent less than they would normally pay for power. The foreclosure lawsuits do not appear to have made much of a dent in SolarCitys bottom line. "Some customers say they canceled contracts after being strong-armed into solar-energy deals" and there have been hundreds of complaints to state attorneys general. [37] In June 2017, Lyndon Rive left SolarCity,[38] and Peter Rive left shortly thereafter. [87] By the end of 2018, the facility employed about 800 workers. We will automatically begin the refiling process 60 days after sending you this release or initiating the recording of the release ourselves. This new criteria can be found under "Filters", then "Other Criteria". above (the "Property"). Poli knows. In return, the legislature wanted the Cuomo administration to put more transparency into how the money is spent. Foreclosure If you have a Power Purchase Agreement (PPA), lease, MyPower Loan, Tesla Financed Loan or subscription: Step 1: Sign in to your Tesla Account. Executives at the company have never expressed much worry about the risks of foreclosures, boasting that customers tend to pay their electricity bills even when they are not paying anything else. "[108] The suit was settled on November 5, 2019, and the terms were not disclosed. [92], Three executives who worked for LPCiminelli Development faced a 14-count indictment for wire fraud and bribery and alleged bid rigging of the SolarCity RiverBend construction contract. [18] In March 2016, SpaceX bought $90 million of SolarCity stock. MyPower Loan: The customer financed the purchase of a PV system through a loan from Tesla and pays fluctuating payments over a set term. Work with your loan provider to transfer the loan contract. Even if foreclosures are a problem for SolarCity, its services may help some customers get by during rough financial times. solarcity foreclosure addendum Step 2: In the solar portion of your Tesla Account, locate the 'Documents' section.You will find a list of documents available to you. For a consumer with a sub-700 score, its likely that there are already some indicators of risk there, but not a severe one to that particular lender, I guess, at that point, said Rod Griffin, director of public education at Experian, a credit reporting agency. solarcity foreclosure addendum. colonel sanders mississauga hospital; boxing popularity by year; pop n' taco net worth When Tesla customers sell their homes, we transfer the solar agreement to the new owner ~98% of the time. [81] SolarCity was required to spend $5 billion over the next decade on the facility and create more than 1,460 direct manufacturing jobs. [113], The company is one of the founding members of The Alliance for Solar Choice, or TASC, which is a rooftop photovoltaic power station solar trade organization. Danielle Ivory and Diane Cardwell are New York Times writers. No. The "railless" system allowed installers to install solar panels on the roof more quickly than other installation approaches. "[97] The Solar Foundations invoice contains details of the construction of solar arrays. Solar systems purchased outright do not have a UCC-1 on title from Tesla. Regarding the China module tariff decision due this week, the analysts note that "SolarCity is relatively immune as solar module supply has been secured at reasonable rates and modules are available for late 2014 and into 2015 at comparable price (~$0.75 per watt) without exposure to trade outcomes.". [105] On June 5, 2020, the case was dismissed with prejudice. Rumor is that the required coverage ratio is relatively high, so the amount of leverage is relatively low -- which is to be expected for a first deal.". Mr. Gangat did not immediately respond to calls or emails. W&P Porter bowl review: A container that makes office You can see Maggie Rogers in SF for under $100 this weekend, Escape to Long Beach, Washington before the summer crowds, Your Privacy Choices (Opt Out of Sale/Targeted Ads). 47-9334 (D), a solar panel company that leases or finances solar panels, and timely records a UCC-1 financing statement, still owns the solar panels after installation at the home, despite the foreclosure of the first mortgage. The title company attorney said that, if a solar panel company financed the sale or lease of the solar panels, and the solar panel company recorded a UCC-1 financing statement, the solar panel company would still own the solar panels after the foreclosure of the first mortgage. Tesla is here to help. SolarCity, the nations leading installer of rooftop solar panels and a renewable energy darling, has pitched its value to investors on a simple premise: Once customers sign up to lease a system, they will make payments to the company month after month for at least 20 years. A foreclosed property will also be identified under the "Additional Features" section in the Summary display. That was one of the first times securitization was employed for distributed solar generation. <>/Metadata 1560 0 R/ViewerPreferences 1561 0 R>> [24], The job cuts affected workers across the entire company:[23][21] 22% of jobs were cut in operations, installations, and manufacturing; and 27% in sales and marketing. Our Property & Title team is happy to answer your questions about the solar system on the home and the transfer paperwork can be sent digitally to sign. SolarStrong was SolarCity's 5-year plan to build more than $1billion in solar photovoltaic projects for privatized military housing communities across the United States. f \o&22d[%;'i yG$ [82], In February 2016, CEO Lyndon Rive announced that due to delays incurred in the supply of machinery for the plant, production would begin in summer 2017.