SolarCity/Silevo to build 1GW+ plant

No one ever accused Elon Musk’s companies of thinking small: In a blog post discussing SolarCity’s (SCTY) acquisition of module developer Silevo, the company states it’s in talks with the state of NY to build an initial module plant with “a targeted capacity of greater than 1GW.”
Moreover, the company will later build “one or more significantly larger plants at an order of magnitude greater annual production capacity.”
SolarCity, in remarks that bring to mind Tesla’s Gigafactory plans: “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.”
In spite of today’s module capacity glut, SolarCity asserts shortages are only a matter of time as solar demand grows, in the absence of huge investments. SolarCity has thus far relied on 3rd-party module suppliers for its installations.
Silevo claims its Triex technology enables solar cells with 22%+ efficiency and 5%-12% greater energy harvest in arid climates, while remaining cost-competitive with low-cost silicon cell producers. The company has been eying both residential/commercial and utility-scale projects.

http://m.seekingalpha.com/news/1804173

Advertisements

In the beginning, Big Dog took a bite.

[object HTMLTextAreaElement]

via Edison Buys Solar Commercial Rooftop Developer SoCore Energy – Bloomberg.

Is there any doubt that solar is a viable industry? Wait until the big dogs REALLY start to eat the little dogs. We’re witnessing consolidation at the commercial level, but eventually the little installers will get out priced by the mid-sized corporate backed installers. Solar is not going to stay a green alternative, it will become a stable household energy producing appliance.