6/17/2014 12:22:49 PM
The Buffalo News: Silevo, one of the ‘Buffalo Billion’ tech companies, is being sold
The Buffalo News
Silevo, the California solar panel manufacturer that is one of two companies slated to move into the RiverBend clean technology hub in South Buffalo, is being acquired by SolarCity, a leading solar energy systems installer.
The $200 million deal would make SolarCity the most valuable U.S. solar company and extend its operations into the production of solar panels.
SolarCity executives, in a blog post announcing the deal this morning, expressed interest in continuing with Silevo’s plans to build a solar panel manufacturing plant in Buffalo – and possibly expanding it to become one of the world’s largest solar panel production facilities.
The RiverBend hub is part of Gov. Andrew Cuomo’s ‘Buffalo Billion’ economic development initiatives.