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SolarCity Wants To Build One Of The Largest Solar Panel Plants In The World In New York

• Business Insider

The firm announced this morning it had purchased Silevo, a solar panel technology and manufacturing company that specializes in producing high-efficiency panels — ones that produce a lot of energy at a low cost. And it needs new plants to realize Silevo's designs.

"We are in discussions with the state of New York to build the initial manufacturing plant, continuing a relationship developed by the Silevo team," the firm said in a blog post. "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. This will be followed in subsequent years by one or more significantly larger plants at an order of magnitude greater annual production capacity."

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