General Motors Invests $7.5 Million In Solar Energy Firm

General Motors Invests $7.5 Million In Solar Energy Firm

GM has spent a not-insubstantial sum on Sunlogics, a manufacturer of solar energy systems, in order to supply its Chevrolet dealerships with environmentally-friendly charging stations.

GM’s cash injection will also provide over 300 jobs in Detroit and Ontario for when Sunlogic expands their manufacturing bases. In addition, GM’s facilities will install solar arrays en masse to offset some of its power consumption.

Ultimately, GM aims to double its global solar output by 2015, from 30 to 60 megawatts, “which is equivalent to powering 10,000 homes annually,” said Mike Robinson, GM’s vice president of Energy, Environment and Safety Policy. “Not only does renewable energy make good business sense, it helps us continue to reduce the impact our facilities have on the environment.”

GM already has three of the world’s largest rooftop solar installations in America, as well as the world’s largest one at its assembly plant in Zaragoza, Spain.

[Source: Silicon Republic]