The Next Solar Behemoth: Sunrun Buying Vivint


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By The Interchange: Energy Conversations From GTM and Greentech Media. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

Earlier this month, Sunrun, the largest residential solar company in the U.S., declared its intent to acquire Vivint Solar, the second largest installer. It’s an all-stock transaction that would value the combined entity at over $9 billion.

It's a big deal -- literally. The enterprise value attached to Vivint is $3.2 billion, which makes it the largest single transaction in the history of the distributed energy market.

It’s also a big deal because of what it says about the state and future of distributed solar, plus adjacent markets like energy storage and maybe even electric vehicles.

So that's what we're going to talk about today. Shayle sits down with Austin Perea, a senior solar analyst for Wood Mackenzie Power & Renewables, to talk about the strategy behind this deal and what it tells us about the next phase of the market.

Assuming the acquisition goes through, how big will this new entity be?

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