General Motor's venture arm said today it has invested $7.5 million in solar company Sunlogics and will purchase its solar arrays for GM facilities and dealerships.
Sunlogics will use the money to ramp up its operations, including solar panel production in Michigan and Ontario. The company, based in Rochester Hills, Mich., makes panels using thin-film amorphous silicon solar cells. It also installs and owns solar projects for corporations using its panels.
As part of the investment, GM will install solar canopies at its dealerships and business. It also signed a power purchase agreement in which it will buy … Read more