NEW YORK (AP) — General Electric says it's going to build the largest U.S. solar panel factory, part of a $600 million dollar bet on the future of solar power in the country.
The new plant will employ 400 people and produce enough solar panels to power 80,000 homes per year, GE said Thursday. The company isn't saying where the plant will be located, but it does say that there are multiple locations being scouted.
GE says its thin film solar panel has been certified as the most energy efficient of its kind by the National Renewable Energy Lab in Colorado. The technology for the panel, called CdTe thin film, lends itself to low-cost, large-scale manufacturing.
GE recently acquired PrimeStar Solar Inc. a maker of thin film solar panels based in Colorado.