Connect with us

Hi, what are you looking for?


Green Economy

What The SolarCity Silevo Acquisition Could Mean

In case you haven’t heard the big news, SolarCity acquired solar panel manufacturer Silevo this week. What could this mean for the overall solar picture? Below are two things to consider with this deal.

Image Credit: Solar Panel Worker via ShutterStock

1. Ongoing  Increase in Solar Company Values & Investments

In recent days, SolarCity’s stock price has increased in value by 25%. Other solar companies had their value jump tooo, including Yingli Green Energy by 8% and ReneSola by 10%.

The value of the deal was $200 million up front. This includes $168 in stock, $23 million in liabilities, plus $9 million in cash. Afterwards, potential earnouts exist of $150 million in stock over the next two years, based on cost targets and production.

As solar companies jump in net worth, financial institutions will be more bullish about this market. Roadblocks seen in third party lending could decrease with banks finding this as a tantalizing proposition to diversify their asset mix.

2. Move Towards Providing Everything Under One Roof 

Just like how individual companies provided internet, telephone, and television services all in one, SolarCity is joining the solar industry’s movement towards a new and more efficient system, a system in which individual companies provide both manufacturing and solar panel installation, and maybe even manage the financing. SolarCity Chairman Elon Musk noted in a teleconference that the time was right to purchase Silevo to support SolarCity’s long-term goal of being a top energy provider. Silevo’s Triex panels can reduce the amount of panel space needed by 25% according to the company, while getting the same amount of energy per kilowatt.

In the third quarter of 2013, SolarCity dominated US solar residential installations, with 32% of the market share. That was four times more than its nearest competitor, Vivint Solar. It makes sense for SolarCity to do everything under one roof in the future, especially with its market dominance.

Other US solar companies already in this vertically integrated space include SunPower, First Solar, and SunEdison, but of those three, only SunPower targets the home solar market. It’s unclear yet if installation leaders like Sunrun, Sungevity, and Vivint Solar will follow suit.

Overall this looks like a game-changing move that will have impact on how solar is distributed and the overall marketplace.

Appreciate CleanTechnica’s originality and cleantech news coverage? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.
Don't want to miss a cleantech story? Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!
Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.
Written By

is expected to complete the Professional Development Certificate in Renewable Energy from the University of Toronto by December 2017. Adam recently completed his Social Media Certificate from Algonquin College Continuing & Online Learning. Adam also graduated from the University of Winnipeg with a three-year B.A. combined major in Economics and Rhetoric, Writing & Communications in 2011. Adam owns a part-time tax preparation business. He also recently started up Salay Consulting and Social Media services, a part-time business which provides cleantech writing, analysis, and social media services. His eventual goal is to be a cleantech policy analyst. You can follow him on Twitter @adamjohnstonwpg or check out his business


#1 most loved electric vehicle, solar energy, and battery news & analysis site in the world.


Support our work today!

Power CleanTechnica: $3/Month

Tesla News Solar News EV News Data Reports




Tesla News

EV Reviews

Home Efficiency

You May Also Like


The power of the renewable energy lobby in Arizona will be tested as the US Senate (finally) votes on the Inflation Reduction Act of...

Clean Power

The Energy Department is planning on 100% renewable energy now, Inflation Reduction Act or not.

Clean Power

In a brilliant case of epic timing, MISO announced a new transmission line plan for more renewable energy in the US midsection earlier this...


Electric vehicles could soon be roaring around the track at a NASCAR venue near you, and Ford is already jockeying for the pole position.

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.