Aiming for the World’s Largest Solar Panel Production Plant

solar panels

Elon Musk’s alternate-energy aspirations don’t end with Tesla’s electric vehicles (and its recent announcement to ‘open source’ its design patents). Musk is also chairman of SolarCity, a firm responsible for three times the solar panel installations of its closest competitor. Along with executives Peter and Lyndon Rive, Musk announced this week that the company will create a solar plant that would be the equivalent of Tesla’s “gigafactory” plan announced earlier this year. “We are in discussions with the state of New York to build the initial manufacturing plant, continuing a relationship developed by the Silevo team. At a targeted capacity greater than 1 GW within the next two years, it will be one of the single largest solar panel production plants in the world,” the trio wrote in a company blog post. “This will be followed in subsequent years by one or more significantly larger plants at an order of magnitude greater annual production capacity.”

SolarCity’s plan was spurred by the recent acquisition of Silveo, which immediately transformed the company from a panel installer to a panel maker. The purchase could be worth up to $350 million in stock, according to Forbes. The acquisition pushed SolarCity’s stock up by 17.5 percent Tuesday. “What we are trying to address is not the lay of the land today, where there are indeed too many suppliers, most of whom are producing relatively low photonic efficiency solar cells at uncompelling costs, but how we see the future developing,” the executives wrote. “Without decisive action to lay the groundwork today, the massive volume of affordable, high efficiency panels needed for unsubsidized solar power to outcompete fossil fuel grid power simply will not be there when it is needed.” SolarCity has not revealed where the production plant will be located. Earlier this year, the firm announced a partnership with US store Best Buy to sell installation packages in 60 stores.

SOURCE:  Brandon Baker, EcoWatch, June 19, 2014 – http://tinyurl.com/nlufycc

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One thought on “Aiming for the World’s Largest Solar Panel Production Plant

  1. Elon Musk is the CEO of SpaceX and Tesla. In these two companies, products manufactured have never been proposed before. For SpaceX (USA), the company is able to sell a rocket launch for satellites for 12000 dollars / kg as cost for Ariane 5 (Europa) is 23000 dollars / kg and for Proton (Russia), 18000 dollars / kg.
    As ILIAD for French Telecommunication, SpaceX is completely redefine the market of space rocket launch. He obliges restructuring Safran (Ariane) into Airbus group in June 2014.
    Elon Musk is also the CEO of Telsa, a company selling only electric cars in USA! Elon Musk is a serial creator, as he was the creator of Paypal sold to Ebay in the 2000′s years.
    If you are interested, I have posted an article about Elon Musk that you can read here:
    http://worldofinnovations.net/2014/06/19/elon-musk-an-exceptional-innovator/

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