By Adam James | Greentech Media
SolarCity is pursuing an aggressive growth strategy — and it’s been paying off. According to the GTM Research’s U.S. PV Leaderboard, SolarCity installed 29 percent of all residential solar in the first quarter of this year, three times the volume of its nearest competitor, Vivint Solar. The company has been buoyed by a string of recent successes, including three securitizations, vertically flavored acquisitions in racking (Zep) and modules (Silveo), and growing its business to the tune of 30,000 customers in a single quarter. SolarCity’s stock price has been rising since mid-June, and the firm boasts the second-largest market capitalization for a U.S. solar company, behind First Solar.
But I’d be very surprised if SolarCity settled with dominance in the U.S. market, and Mexico is the obvious next step. Here are a few of the top reasons why, culled from GTM’s Latin America PV Playbook.
Related: California Legislature Passes Streamlined Solar Permitting Bill
If you’d like to discuss energy issues, contact Court Rich, director of Rose Law Group’s Renewable Energy Department at crich@roselawgroup.com
