Western Hemisphere’s* Largest Solar Panel Plant Coming to Buffalo
Elon Musk, known for starting Paypal, SpaceX, and Tesla Motors, is planning on breaking another record, only this time it’s in Buffalo. Musk’s company, SolarCity, has just acquired Silevo, the California company slated to move into the clean tech innovation hub at Riverbend.The $225 million Hub @ Riverbend was announced in November by Governor Cuomo as part of the Buffalo billion.
The $350 million acquisition by SolarCity has prompted the company to announce that they plan to create a solar panel plant five times bigger than the Hub’s planned size resulting in the largest plant of its kind in the world. The acquisition of Silevo will allow SolarCity to produce some of the most efficient panels on the market and prompted an 11% jump in shares.
*Some original claims were calling the plant the world’s largest but was downgraded to Western Hemisphere’s largest later on