GE Stalls Solar Factory Construction
Add another solar factory to the list of closures and delays that have been plaguing the industry. Solar startups, including Solyndra and Abound Solar, a recipient of government funds that declared bankruptcy last week, have been failing left and right in the face of low solar panel prices. Now GE has reportedly stopped work on its planned 400-megawatt solar panel factory in Colorado. It says it needs to improve the power output of its technology if it’s to compete.
It was thought that a company like GE, with its deep pockets, might be able to scale up production to the point that its thin-film solar panels could compete with silicon. The reports throw this into doubt. It might be that both low cost and at least comparable efficiency levels are needed to compete.
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