News & events

  • Home
  • News & events
2009 November 30

Lower prices force GE to close down solar panel plant

General Electric plans to shutter a solar panel manufacturing facility in Delaware due to falling prices in the solar industry, according to the company.

Around 82 people will be affected by the closure of the 34 megawatt capacity plant, located in Newark, Delaware, according to Recharge News.

“Due to current challenges in the solar industry, including industry pricing that is below the cost of manufacture, GE has made a decision to close its crystalline silicon manufacturing facility in Delaware and to realign the Solar organization,” GE spokesperson Milissa Rocker said in a statement.

While GE will continue to invest in solar technologies, the company plans to “shift resources from the manufacture of crystalline silicon modules towards the development of new products including inverter and thin film technology,” according to Rocker.

She added that GE is exploring other alternatives for the plant, emphasizing that the company “believes in the long-term success of solar”, despite current challenges in the industry.

Read the full article here.