Tesla and Panasonic enter into a “sunny” alliance

Tesla and Panasonic enter into a “sunny” alliance

The American manufacturer of electric vehicles Tesla and the Japanese electronics giant Panasonic have entered into a partnership agreement aimed at the development of large-scale production of photovoltaic panels and modules in the state of New York.

Prospects for cooperation depend on whether the deal scheduled for November will take place, under the terms of which Tesla will acquire SolarCity for $ 2.6 billion, which was announced in June last year.

By leveraging SolarCity's capabilities in terms of installation, sales, and financing, Tesla intends to bring "integrated green energy solutions to consumers in the residential and commercial sector and on the scale of the power grid."

Tesla will use Panasonic cells and modules in solar power systems that work with Tesla Powerwall and Powerpack energy storage devices.

Shuji Okayama, vice-president of Eco Solutions, part of the Panasonic structure, said: "Panasonic photovoltaic cells and modules have unmatched performance in power generation and demonstrate high quality and reliability."

JB Strobel, co-founder of Tesla, commented: “Working together on solar projects, we will be able to accelerate the production of highly efficient, incredibly reliable solar cells and modules at the best possible price.”

See also: Japan began construction of the world's largest floating solar power plant

The cooperation will expand the existing relationship between Tesla and Panasonic, including the production of electric cars and batteries on the Tesla Gigafactory.

The parties suggest that Panasonic will begin production of cells and modules at a plant in Buffalo, New York, in 2017.

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