By Stephen Lacey | Greentech Media
SolarCity, the biggest residential solar installer in the U.S., said this morning that it plans to acquire high-efficiency solar manufacturer Silevo for $168 million in stock, $9 million in cash, an assumption of $23 million in liabilities. SolarCity could dish out another $150 million in stock if production targets are hit.
When the acquisition closes, the company will join First Solar, SunPower and SunEdison as the only U.S.-based companies that have achieved full integration across manufacturing, sales and installation.
