Is Solarcity’s Gigafactory A Wise Solar Power Investment

Solar Energy Investments In Factory

It is usually places like California that receive all the praise and investment when it comes to solar power. This time is the turn of Buffalo, New York. An industrial park near Lake Erie is set to become the home of SolarCiy’s new factory. The aim is to produce the most efficient solar panels for the commercial sector.

Their aims are not small either, with a total of a gigawatt of panels expected from the site each year. That equates to 10,000 panels a day. It this too risky a venture? Or, have SolarCity tapped into the right part of the solar energy market at the right time?

There Are Some Concerns Over The Scale Of The Investment And The Cost

Solar Energy Panels

This is not a cheap investment for Buffalo, as the facility has already cost around $750 million. The facility came about through the kind funding of New York State, …

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