SolarCity expands into Mexico by acquiring ILIOSS, a Mexico City based solar developer
SolarCity made its first international move today when it announced the acquisition of ILIOSS, one of the largest commercial and industrial solar developers in Mexico. Until today, SolarCity operated in 17 states in the US and they focused their efforts where electricity rates and government incentives are favorable to solar. Mexicans pay expensive rates for their electricity and they have plenty of sunshine, making Mexico an attractive market for the solar company.
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