# Panasonic to invest $256 million in solar cell and panel factory for Tesla in Buffalo

Panasonic will invest $256 million in a solar cell and solar panel factory in Buffalo, New York, to produce solar cells for Tesla's solar panels. Production is expected to start in summer 2017, with capacity growing to 1 GW by 2019. This follows a non-binding letter of intent signed in October 2016.

- Type: Investment
- Announced: 2017-01-17
- Where: Buffalo, New York, United States
- Value: $256.0M
- Starts operating: Q3 2017
- Status: announced
- Capacity: 1 GW
- Products: solar cells, solar panels
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Panasonic](https://endata.com/companies/1026.md)
- [Tesla](https://endata.com/companies/9860.md) (partner)

## Sources

- [solarmagazine.nl](https://solarmagazine.nl/nieuws-zonne-energie/i12952/panasonic-investeert-256-miljoen-dollar-voor-pv-fabriek-tesla), 2017-01-17: "Panasonic gaat 256 miljoen dollar investeren in een zonnecellen- en zonnepanelenfabriek die zonnecellen voor de afgelopen najaar door Tesla aangekondigde zonnepanelen moet gaan produceren."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.