29 Jul '11, 7am

General Motors invests in solar power: It seems that solar power is the hot topic among the green car industry

It seems that solar power is the hot topic among the green car industry – with General Motors the latest to make a huge investment in the technology. General Motors Ventures LLC will pour $7.5million into Sunlogics PLC, which is a Michigan-based integrated global solar energy systems provider that specialises in solar project development and installation. The carmaker has also signed commercial agreements to install solar charging canopies at Chevrolet dealerships and GM facilities. The funding will be used by Sunlogics to help establish its corporate headquarters and open a manufacturing facility in suburbanDetroit, while also setting up a manufacturing facility inOntario. According to Jon Lauckner, the president of GM Ventures , global solar energy use will more than double by 2016 and investing in this form of renewable energy is a smart and strategic business decision....

Full article: http://www.thegreencarwebsite.co.uk/blog/index.php/2011/0...

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