U.S. solar installer SolarCity has announced plans to acquire San Rafael-based mounting system company Zep Solar in exchange for US$158 million worth of SolarCity shares.
In a filing to the U.S. Securities and Exchange Commission (SEC) on Thursday, SolarCity revealed the deal had been struck on Tuesday and is expected to be complete, pending regulatory approval and the support of Zep shareholders, in December.
Zep Solar's Zep Compatible technology has been used by Canadian Solar, Trina Solar, ET Solar, Solar Edge, Enphase Energy and Sharp Solar.
Popular content
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
Share
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.