Source:
Reutersby Ben Klayman
ROCHESTER HILLS, Mich., July 28 (Reuters) - A General Motors Co (GM.N) unit has invested $7.5 million and taken an undisclosed stake in Sunlogics Inc, helping the solar energy systems manufacturer to establish plants in Michigan and Canada and create 310 jobs at the small company.
GM Ventures said it also signed commercial agreements with Sunlogics for the installation of solar charging stations at Chevrolet dealerships and GM plants, as well as a power purchase deal to install large solar arrays at GM factories and buy the energy produced by the arrays.
"Most forecasts predict that global solar use will double over the next several years, much of that growth in North America and Asia," Jon Lauckner, president of GM Ventures, said at Sunlogics new headquarters here on Thursday.
"Solar is a smart business decision because renewable energy brings cost efficiencies over time and is good for the environment," he added, saying it complements the company's electrification strategy that started with the roll-out of the Chevrolet Volt plug-in electric hybrid car.
Read more:
http://www.reuters.com/article/2011/07/28/gm-sunlogics-idUSN1E76R0Z320110728