Elon Musk’s solar panel factory gets $260M investment

(From The New York Post)

Panasonic is providing a ray of sunshine for the so-called “Buffalo Billion” revitalization project, which in addition to shaky financials has been mired in a corruption probe by US Attorney Preet Bharara that has reportedly entangled top officials in Gov. Andrew Cuomo’s office.

Critics gripe that New York taxpayers are footing $750 million in construction and equipment costs of the plant, whose prospects for profitability look doubtful without the help of further government subsidies.

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