Tesla CEO to site solar production facility in Buffalo

Scott Waldma

ALBANY—A solar company led by the founder of Tesla Motors is working with the state to build one of the world's largest solar manufacturing facilities in Buffalo, which could create more than a thousand jobs.

SolarCity Corporation announced Tuesday that it acquired Silevo, a solar panel technology and manufacturing company that produces low-cost panels that yield a high energy output. The company believes the acquisition will help it expand significantly, Tesla C.E.O. Elon Musk said in a statement.

“At a targeted capacity greater than 1 GW (gigawatts) within the next two years, it will be one of the single largest solar panel production plants in the world,” Musk said in a joint statement with Peter Rive, chief technology officer at SolarCity. “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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