November 11, 2009

GE exits US solar panel production

I tried to find this press release on GE's website but was unsuccessful. According to a Dow Jones article, GE will close its only solar panel manufacturing facility in the US as prices for panels become cheaper.

GE's crystalline silicone panels production facility in Delaware will reportedly stop by January and will completely shut down by the end of June next year. The plant employs 80 people and all will be laid off and receive severance and benefits packages.

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