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Home  >  PHOTOVOLTAICS  > SolarCity to acquire Silevo; plans 1 GW factory...
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Jun 19th, 2014
 
SolarCity to acquire Silevo; plans 1 GW factory
 
SolarCity has signed an agreement to acquire Silevo, a solar panel technology and manufacturing company whose modules have demonstrated a unique combination of high energy output and low cost.
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  • Silevo’s solar cell technology features both high cell efficiency and low temperature coefficient, desired by most PV customers.

Our intent is to combine what we believe is fundamentally the best photovoltaic technology with massive economies of scale to achieve a breakthrough in the cost of solar power. Although no other acquisitions are currently being contemplated, SolarCity may acquire additional photovoltaics companies as needed to ensure clear technology leadership and we plan to grow internal engineering significantly.

 
Structure of a Silevo’s solar cell.
Structure of a Silevo’s solar cell.

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. 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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