- Associated Press - Friday, October 2, 2015

ALBANY, N.Y. (AP) - SolarCity says the rooftop panels it will make at a plant being built in Buffalo have been rated the most efficient in the world.

The San Mateo, California-based solar installer says Friday the new module produces 30 to 40 percent more power than a same-size standard panel. The company also says it can make the panels at “significantly” lower cost than similar technologies.

New York is spending $750 million to build a 1 million-square-foot manufacturing plant for SolarCity as part of Gov. Andrew Cuomo’s “Buffalo Billion” economic development program. SolarCity has committed to investing $5 billion over 10 years, hiring almost 1,500 workers at the plant for 5 years and employing at least 2,000 more people across the state.

SolarCity CEO Lyndon Rive (ryv) expects production to begin in the first quarter of 2017.

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