SolarCity to move into former Solyndra site


The building that once housed one of the biggest crash and burn stories in Silicon Valley — Solyndra and its tubular rooftop solar panels — will soon be home to another solar panel manufacturing venture. According to a report in the Silicon Valley Business Journal, SolarCity has quietly leased the former Solyndra building in Fremont, California, just two miles from Tesla’s Fremont factory, with plans to grow its new solar panel division there.

SolarCity bought eight-year-old solar panel startup Silevo last Summer for $200 million worth of SolarCity stock, with plans to become a vertically integrated solar company. SolarCity has long financed and installed solar panels, but soon will make its own solar panels, too. That way the company can control its supply chain, and also lower its costs.

Workers inspecting panels in Solyndra's factory in April Workers inspecting panels in Solyndra’s factory in April 2011

The company intends to make a gigawatt worth of solar panels a…

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