General Electric announced plans to build the nation’s biggest solar panel factory, though it has not yet decided the location. The move continues GE's expanding energy-focused work, particularly through acquisitions. The solar photovoltaic market is growing, driven in part by the U.S. government offering financial support to help American solar panel makers -- including loan guarantees for new factories -- to increase the amount of solar panel manufacturing. Victor Abate, who is responsible for the solar, wind, and renewable energy units at GE, stated that the deciding factor to build the solar panel factory was enhancing the effectiveness of cadmium telluride-based thin film panels to a record 12.8 percent, which is also a factor in reducing costs. These articles discuss the project in more depth and touch on the ecological improvements this venture will bring, as well as the social advantage: the creation of more than 400 jobs within the plant.
via 3blmedia.com
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