By Eric Wesoff | Greentech Media
(Disclosure: Rose Law Group represents SolarCity.)
During last week’s Q2 earnings call, SolarCity’s execs had to cope with analyst questions on moving into international markets.
CEO Lyndon Rive responded, “There are many international markets where the equity value creation is really good without any incentives, so it’s just pure on the fundamentals. So, yeah, we are looking at those — and stay tuned.” To another question about international markets, Rive said. “I think we have an incredible model that we are going to be able to duplicate, but we are going to do it when we are ready.”
After almost a week of careful consideration, SolarCity, the leading U.S. solar installer, is ready to make its first move out of the domestic market with the acquisition of Mexico’s ILIOSS, a commercial and industrial solar developer, for $10 million in cash plus additional earn-outs based on performance.
