Elon Musk's Latest Venture: A Gigafactory for Solar Energy
The Tesla/SpaceX chief helps New York step closer to becoming the world's headquarters for sustainable, renewable power while creating thousands of jobs in the process
Elon Musk, multi-billionaire and sustainable energy champion, has finalized plans to build a 1.2 million square-foot megafactory in Buffalo, NY through his company SolarCity. The factory targets to create enough solar panels a year to harness a gigawatt of the sun's energy.
The project, under Musk's SolarCity firm, is nicknamed the “Gigafactory,” not to be confused with the bigger but still Musk-owned Tesla Gigafactory in Nevada, which is a diamond-shaped $5-billion plant featuring a self-sustaining renewable energy scheme.