A state government has joined forces with Elon Musk to supply 50,000 homes with solar panels, in a bid to build the world’s largest virtual power plant.

South Australian Premier, Jay Weatherill, unveiled the project with Tesla, and claimed the cost of the project will be financed through the sale of electricity, generated by the panels.

Weatherill said the solar panels will generate energy for the South Australian grid, and offers participating households with significant savings on their energy bills.