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GE Unveils Plans For US Thin-Film Solar Panel Factory

Wall Street Journal - Apr 7, 2011

General Electric Co. (GE) is aiming to build up its nascent solar energy business on a scale of its $6 billion wind-turbine unit, announcing plans Thursday for what it said will be the biggest photovoltaic panel factory in the U.S.

"We're looking to make solar look like [GE's wind business] over the next five years," said Victor Abate, vice president of GE's renewable energy division.

GE, based in Fairfield, Conn., will pick a site for the factory within the next three months or so, Abate said in an interview.

The plant will employ 400 people when it opens in 2013 and produce thin-film solar panels sufficient to generate 400 megawatts of electricity annually, or enough to power 80,000 homes a year.

SolarWorld AG (SMW.XE), of Germany, currently operates the largest solar manufacturing plant in the U.S., producing panels capable of generating about 350 megawatts annually, although GE's panels will be based on a different technology.

Read Full Article from Wall Street Journal

- Posted: 2011-04-07 11:00:45


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