7/103 sources · 3 publishersUpdated Nov 13, 15:25 UTC
General Motors launches its largest solar power project in Michigan
General Motors announced two new solar facilities in Branch and St. Clair counties, Michigan, built by NorthStar Clean Energy. The projects will supply renewable electricity to three GM factories and are part of GM’s effort to secure stable, low‑cost power for its manufacturing operations. The company will use a virtual power purchase agreement to obtain the energy and renewable credits.
Why it matters
The investment, valued at about US$550 million, is expected to improve GM’s price predictability for electricity and help the automaker meet its goal of 100 % renewable electricity at U.S. sites by 2025 (GM statement).
Key facts
- 1The two solar facilities have a combined capacity of 276 MW. sustainabilitymag.com
- 2GM and NorthStar Clean Energy signed a virtual power purchase agreement for the projects. sustainabilitymag.com
- 3The projects represent an investment of approximately US$550 million in Michigan. sustainabilitymag.com
- 4The facilities are expected to generate roughly 539,000 MWh of electricity annually. sustainabilitymag.com
- 5GM will use about 92 % of the generated capacity to power three Michigan factories. finance.yahoo.com
- 6The combined capacity was reported as 300 MW in other sources. finance.yahoo.com
Open questions
- Capacity figure differs: 276 MW vs 300 MW.
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.