General Electric plans to build the largest solar panel manufacturing plant in the U.S. which will produce 400 megawatts worth of thin-film panels aimed at utilities and commercial customers.
The thin-film solar cells to be produced, which will feature 12.8 percent efficiency, were developed by PrimeStar Solar, which is now being acquired by GE, its lead investor.
General Electric says its thin-film solar panels will be available next year along with equipment to ease operation of utility-scale solar power plants.
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Working with start-up PrimeStar Solar, General Electric is developing solar modules that use low-cost, cadmium telluride thin-film solar cells.
Solyndra received a big loan even though it couldn't keep up with the falling solar costs, but the loan guarantee program is still vital for scaling up new solar technologies.
To boost its solar business, General Electric is planning to launch products built around new technology: cadmium telluride thin-film solar cells that lower the cost of solar.
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