On the heels of his radical announcement to open Tesla’s entire patent portfolio, Elon Musk just made a major investment that could revolutionize the solar energy industry. Musk’s rooftop solar panel installation company SolarCity just signed an agreement to acquire solar panel manufacturer Silevo for up to $350 million. As part of the deal, SolarCity is in talks with New York State to build a one gigawatt solar panel production plant in Buffalo that would be one of the world’s largest solar factories, creating more than 1,000 jobs within the next two years.
Read the rest of Elon Musk’s SolarCity Buys Silevo, in Talks to Build One of the World’s Largest Solar Panel Plants
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Post tags: "solar energy", buffalo, elon musk, New York., one gigawatt, Silevo, solar factory, solar panels, solar plant, solarcity