SolarCity Completes Acquisition Of Paramount Solar

SolarCity, a full-service solar power provider, has completed the acquisition of the assets of Paramount Energy Solutions LLC (dba Paramount Solar), a subsidiary of Paramount Equity, for a total consideration of $120 million, including 3,674,565 shares of SolarCity common stock priced at $31.65 per share and $3.7 million in cash.

Former Paramount Equity CEO Hayes Barnard has joined SolarCity as chief revenue officer in charge of the company's sales and marketing organizations.


Please enter your comment!
Please enter your name here