With a new US$7.5 million equity investment made by General Motors Ventures, Sunlogics PLC, a solar energy systems provider plans to establish two new manufacturing facilities and its US headquarters while additionally helping GM further their solar energy output.
GM’s investment in Sunlogics will allow the solar developer to set up its corporate headquarters and a manufacturing facility in Detroit, Michigan, while additionally opening a second manufacturing facility in Ontario. Together, the manufacturing facilities will create 310 jobs for southeast Michigan and Ontario.
GM and Sunlogics also signed commercial agreements for installations of solar charging canopies at Chevrolet dealers and GM facilities. The agreement calls for a PPA to install large-scale solar arrays at GM facilities and allows GM to purchase the energy the installations produce. In support of its new investment and future solar installations, GM committed to doubling its solar energy output globally by the end of 2015.
“Our GM facilities currently house 30MW of solar power, and we are committing today to double that capacity to 60MW over the next few years, which is equivalent to powering 10,000 homes annually,” said Mike Robinson, GM vice president of Energy, Environment & 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.”