Solarcity expands to Mexico
San Mateo, USA / Mexico City - Solarcity and Ilioss ,S.A. de C.V. announced that they have entered into a definitive agreement for Solarcity to acquire Ilioss, one of the largest commercial and industrial solar developers in Mexico.
Upon close of the acquisition, Ilioss will operate as an independent business unit of Solarcity. Ilioss co-founder and Chairman David Arelle and co-founder and Chief Operating Officer Manuel Vegara will lead the new business unit as President and General Manager, respectively. Prior to founding Ilioss in 2012, Mr. Arelle oversaw the development and construction of thousands of homes and apartments across Mexico, first as a private homebuilder and later as a part of a joint venture with Pulte Homes.
Mexico
Source: IWR Online, 06 Aug 2015