08 Apr '11, 8am

GE plunges $600m into "most efficient" solar PV panel

General Electric (GE) has unveiled a $600m investment strategy to beef up its presence in the growing solar energy market, announcing that it will build a 400MW factory to produce what it says will be the most efficient solar cell on the market. The conglomerate said yesterday that a thin film solar cell made from cadmium telluride, which it has been developing with PrimeStar Solar, was independently certified as capable of converting sunlight to electricity more efficiently than any other solar technology available on the market. FURTHER READING Senate rejects latest attempt to scupper EPA greenhouse gas rules Feed-in tariff cuts result in scrapping of government's own solar project GE also announced that it would invest $600m to manufacture the record-setting solar panels at an undecided location in the US that is expected to employ 400 people and produce 400MW of panels...

Full article: http://www.businessgreen.com/bg/news/2041939/ge-plunges-u...

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GE to Build Largest Solar Panel Factory in U.S.

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