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SolarCity’s Zep Solar Acquisition Finalized

zep solar

SolarCity’s acquisition of Zep Solar, which I wrote about in October, has now been finalized. The total price tag is reportedly $158 million, part of which was in the form of 2.75 million shares of SolarCity common stock. Currently, SolarCity stock is selling for $51.30 per share.

Zep Solar will now be independently operated within SolarCity, and its chief executive, Mike Miskovsky, will continue to run things there.

There’s not really much new to report here, so check out the October article on this story for more if you missed it: “SolarCity Acquires Zep Solar To Bring Installation Costs Down, Anticipates ~80% More Installations In 2014.”

Other very notable stories from SolarCity in recent months include that SolarCity is aiming for 1 million customers by 2018, it has acquired Paramount Solar, it has teamed up with Viridian Solar, it has launched a solar + energy storage package for businesses, and it has issued the first asset back notes for the solar industry.

Keep up with all the hottest SolarCity news or general solar news here on CleanTechnica, and subscribe to our free solar newsletter to never miss a beat.

 
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Written By

Zach is tryin' to help society help itself one word at a time. He spends most of his time here on CleanTechnica as its director, chief editor, and CEO. Zach is recognized globally as an electric vehicle, solar energy, and energy storage expert. He has presented about cleantech at conferences in India, the UAE, Ukraine, Poland, Germany, the Netherlands, the USA, Canada, and Curaçao. Zach has long-term investments in Tesla [TSLA], NIO [NIO], Xpeng [XPEV], Ford [F], ChargePoint [CHPT], Amazon [AMZN], Piedmont Lithium [PLL], Lithium Americas [LAC], Albemarle Corporation [ALB], Nouveau Monde Graphite [NMGRF], Talon Metals [TLOFF], Arclight Clean Transition Corp [ACTC], and Starbucks [SBUX]. But he does not offer (explicitly or implicitly) investment advice of any sort.

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