Tesla and Panasonic are Going to be Building Solar Panels Together Because Why Not?
Behold the future: Tesla announced on Tuesday that they will be teaming up with Panasonic to bring the world solar panels. The solar panels will be created in SolarCity’s Buffalo, New York facility (Tesla acquired SolarCity back in October).
Don’t get your hopes up just yet, Tesla and Panasonic won’t be building the solar roof product Tesla promised.
However, Panasonic will build the high-efficiency photovoltaic cells and they would be purchased by Tesla. In case you don’t know what photovoltaic cells are, it’s what makes a solar panel work. By 2019, Panasonic will be making 1 gigawatt of solar panels per year.
Panasonic will cover capital costs, with Tesla making a long-term purchase commitment.
[via The Verge]