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SolarCity announced in a blog post Tuesday that it had acquired a new solar technologies manufacturer, and in doing so entered into talks with the state of New York to build one of the largest solar panel production plants in the world.
The blog post—authored by SolarCity chairman Elon Musk, CEO Lyndon Rive, and CTO Peter Rive— announced that their company would buy Silevo with the intent "to combine what we believe is fundamentally the best photovoltaic technology with massive economies of scale to achieve a breakthrough in the cost of solar power."
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In addition to giving SolarCity new technology and manufacturing capacity, the Silevo deal also brings a pre-existing relationship with New York to Musk's table.