TOP NEWS
Fri Oct 2, 2015 | 9:00 AM EDT
SolarCity says new panel will be industry's most efficient
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By Nichola Groom
Oct 2 (Reuters) - SolarCity Corp on Friday said it had built a solar panel that is the most efficient in the industry at transforming sunlight into electricity.
The top U.S. solar installer, which expanded into manufacturing through its acquisition of Silevo last year, will make the panels at a major solar panel factory it is building in Buffalo, New York. That facility will open in 2017.
SolarCity, which is backed by Tesla Motors Inc founder Elon Musk, has increasingly moved beyond its primary business of installing solar panels in an effort to keep driving down the cost of going solar.
Making its own panels will bring system costs down by 15 to 20 cents a watt, said Chief Executive Lyndon Rive, who added that Friday's announcement should assuage concerns about the company's foray into a new line of business.
Dessa ska ge 1-2% mer än BenQ och Sunpower
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