M&A Deal Summary

SolarCity Acquires Silevo

On June 17, 2014, SolarCity acquired renewable energy company Silevo for 200M USD

Acquisition Highlights
  • This is SolarCity’s 3rd transaction in the Renewable Energy sector.
  • This is SolarCity’s largest (disclosed) transaction.
  • This is SolarCity’s 6th transaction in the United States.
  • This is SolarCity’s 4th transaction in California.

M&A Deal Summary
Date 2014-06-17
Target Silevo
Sector Renewable Energy
Buyer(s) SolarCity
Deal Type Add-on Acquisition
Deal Value 200M USD

Target

Silevo

Fremont, California, United States
Silevo, Inc. is a solar cell innovator and photovoltaic (PV) solar module manufacturer that has evolved the use of silicon for solar to offer cost-effective high performance solar modules.

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Buyer(S) 1

Buyer

SolarCity

San Mateo, California, United States
Category Company
Founded 2006
Sector Renewable Energy
Employees15,219
Revenue 400M USD (2015)
DESCRIPTION
Entrance to SolarCity's corporate headquarters in San Mateo, California.
Entrance to SolarCity's corporate headquarters in San Mateo, California.

SolarCity is a provider of clean energy solutions. The Company delivers renewable electricity directly to homeowners, businesses and government organizations for less than they spend on utility bills. SolarCity gives customers control of their energy costs to protect them from rising rates. The company makes solar energy easy by taking care of everything from design and permitting to monitoring and maintenance. SolarCity was formed in 2006 and is based in San Mateo, California.

DEAL STATS #
Overall 6 of 8
Sector (Renewable Energy) 3 of 4
Type (Add-on Acquisition) 6 of 7
State (California) 4 of 4
Country (United States) 6 of 6
Year (2014) 2 of 3
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-15 Common Assets

United States

Common Assets LLC is a financial technology company, focused on investment platforms for individual investment in solar power technology.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-01 Off-Grid Electric

Arusha, Tanzania

Off-Grid Electric is a provider of solar energy services to off-grid residential customers in Sub-Saharan Africa.

Buy -
Mergr

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