Thin film solar photovoltaic panel manufacturing plant coming to U.S.
General Electric to develop a 400 MW thin film solar photovoltaic panel manufacturing plant in the US to produce the company's thin film technology.
Argus reported that General Electric will develop a 400 MW thin film solar photovoltaic panel manufacturing plant in the US to produce the company's thin film technology, which it says is the most efficient on the market.
Multiple locations are under consideration for the facility will be the largest US manufacturing plant of its kind. The company projects it will produce enough solar panels each year to power 80,000 homes.
The announcement followed the disclosure last week of GE's plans to acquire France based Converteam, through a USD 3.2 billion deal that gives GE a 90% stake in the power conversion company. GE has said it intends to purchase the remaining 10pc over the next two to five years. The company also recently completed the acquisition of thin film technology developer PrimeStar Solar.
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey