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Elon Musk's Master Plan: Part Deux is already coming to life.

Tesla Motors announced it has bought solar panel installer SolarCity for $2.6 billion in shares to create a seamless clean energy company. Or as Reuters puts it, consumers will now be allowed to buy solar panels, home battery storage systems and electric cars under one roof.

Tesla and SolarCity have created the world's first and only vertically integrated sustainable energy company.

Bloomberg tweeted that announcement was the "solar industry's biggest deal to date."

Tesla touted the merger in a blog post:

Just over a month ago, Tesla made a proposal to purchase SolarCity and today we are announcing that the two companies have reached an agreement to combine, creating the world's only vertically integrated sustainable energy company.

Solar and storage are at their best when they're combined. As one company, Tesla (storage) and SolarCity (solar) can create fully integrated residential, commercial and grid-scale products that improve the way that energy is generated, stored and consumed.

The enigmatic businessman perhaps poked fun at the historic vertical integration of the two companies in a classic Musk tweet:

According to MarketWatch, "SolarCity stockholders will receive 0.11 shares of Tesla for each SolarCity share, valuing them at $25.83 apiece."

Musk, who has long advocated for a sustainable transportation future, clearly stated in his Part Deux blog post that he wants his electric car company to "provide solar power."

"No kidding," he added. "This has literally been on our website for 10 years."

"We can't do this well if Tesla and SolarCity are different companies, which is why we need to combine and break down the barriers inherent to being separate companies," Musk continued. "That they are separate at all, despite similar origins and pursuit of the same overarching goal of sustainable energy, is largely an accident of history. Now that Tesla is ready to scale Powerwall and SolarCity is ready to provide highly differentiated solar, the time has come to bring them together."

Tesla first announced the offer last month at a slightly higher price of $2.8 billion.

Musk stressed the importance of curbing use of dirty energy as quickly as possible. "Given that we must get off fossil fuels anyway and that virtually all scientists agree that dramatically increasing atmospheric and oceanic carbon levels is insane, the faster we achieve sustainability, the better," he wrote.

Tesla said it expects that the merger will save customers money by lowering hardware costs, reducing installation costs, improve manufacturing efficiency and reducing customer acquisition costs.

The deal will now go to Tesla and SolarCity shareholders for approval. Musk, who is chairman of SolarCity and the largest investor in both companies has recused himself from the vote.

Last week, Tesla held a grand opening celebration of its massive Gigafactory outside Reno, Nevada.

The Gigafactory, which will be the world's largest building by footprint once construction is complete, will manufacture lithium-ion batteries for Tesla's electric cars and Powerwall products that store solar energy for homes and businesses.

By American Renewable Energy Institute / As You Sow / Divest Invest

The American Renewable Energy Institute (AREI) announced milestones of minimizing waste generation and reducing its carbon footprint during its 13th Annual AREDAY summit last week. The gathering also inspired participants to align their financial investments with their values.

Called the Davos of Clean and Renewable Energy, the annual five-day gathering outside Aspen, Colorado catalyzes high level cross-sector networking that results in investments, collaboration, strategic alliances and new initiatives. This year's summit, From Paris to the Polls: Implementing Low Carbon Economies, was laser-focused on making COP21 Paris agreement goals a near-term reality.

At this year's AREDAY in Snowmass, Colorado. (Left to Right): John R. Seydel, AREI Co-Founders Chip Comins and Sally Ranney, and Iceland President Ólafur Ragnar Grimsson.Photo credit: Vanessa Green

"AREDAY moves private and public sector innovators from discussion to action in one week," Chip Comins, AREI chairman and CEO, said. "Because we take our role in the energy transition seriously, each of us is willing to do what it takes today to get us all closer to a fossil free world tomorrow."

If governments signaled to investors from Paris that the world is on course to carbon neutral energy systems, AREDAY participants, like Iceland President Ólafur R. Grimsson and former NATO Supreme Commander and U.S. Army General Wesley Clark, are growing the group of first adopters which also includes Leonardo DiCaprio, Rockefeller Brothers Fund and others managing a combined $3.4 trillion in assets.

Aspen is no stranger to the impact and influence of big money. Amidst the financial power of Pitkin County stakeholders, AREI works to accelerate implementation of renewable energy and efficiency projects scaled to respond to current environmental and economic challenges. It does so while taking account of its personal level too.

"It's always been important to reflect our values in our conferences," Abby Stern, lead AREDAY organizer, said. "This year, we saw an opportunity coming out of Paris to raise the bar and ask our big thinkers and doers to go even further."

Vanessa Green, director of Divest Invest Individual, a global campaign helping accredited and retail investors accelerate the energy transition, agrees. "This is the kind of individual-meets-group leadership that will bring us to climate stabilization," she said. "We need everyone throwing weight behind the new economy and flipping the status quo—from how you run a conference to how you invest."

Several AREDAY participants have experienced the financial and moral rewards of investing in alignment with their values for some time.

"While we can't remove all fossil fuels from our lives overnight, we can make lifestyle choices to build a better future. This is why I own an electric car and have solar panels on my roof,"Leilani Münter, a racecar driver and environmental activist, said. "I'm happy to say I never invested in fossil fuels, all my investments are in clean energy. Fossil fuels are on the way out, it's time to leave them in the ground."

Fossil fuel-free portfolios continue to demonstrate similar or greater returns when compared with standard benchmarks. Long-time conservation advocate Maggie Fox remembers when she, along with her husband Mark Udall, a former U.S. Senator, divested from fossil fuels over a decade ago.

"As nonprofit public servants, investing for our children's future in a manner that honors our values has always been paramount," Fox said. "I am excited for other parents to learn that there really is a way to save and grow one's assets in a manner that protects our shared future."

As Peabody Coal files for bankruptcy and ExxonMobil spends more on its dividends than its current cash flow, the financial risks associated with fossil fuel investments increases.

"Carbon risk is real," Andy Behar of As You Sow, an advocacy group moving corporations into greater responsibility, said. "The companies, institutions and investors who respond to that risk and the shifting financial landscape will be winners in the clean energy economy."

In the words of John R. Seydel, a six-year AREDAY veteran and eldest grandson of media mogul Ted Turner, "The leadership of this community keeps me confident that we will achieve our global goals on the timeline needed."

Here's what other AREDAY participants had to say:

"For every dollar spent boosting renewables, nearly four dollars are spent to maintain a dangerous dependence on fossil fuels," said Gen. Wesley Clark who approaches clean energy from a national security perspective. "On top of emissions and waste reduction, I want my finances to be part of reversing that energy equation."

"The transition from fossil fuels to clean energy is fundamentally good business," said Iceland President Grimsson, whose country is the world's largest clean energy producer per capita. "Icelanders have seen seemingly small actions, from individuals, communities, companies and so on, drive markets to produce extraordinary transformation."

"Owning fossil fuels is owning climate change," said Clara Vondrich, global director of Divest Invest Philanthropy. "Our member foundations are breaking down the wall between philanthropic investments and grantmaking, putting their whole portfolio to work to meet the greatest challenge of our time."

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