GE junks solar factory in Aurora

by

comment

Amster-Olszewski stands in front of one of the solar gardens he's built in Colorado Springs. - BRYAN OLLER
  • Bryan Oller
  • Amster-Olszewski stands in front of one of the solar gardens he's built in Colorado Springs.

General Electric has decided not to build a solar panel factory in Aurora that could have created 350 jobs, the Denver Post reports in today's edition.

Instead, it will give technology developed by a Colorado start-up to its interest in a solar panel maker to First Solar in exchange for shares in the Arizona company. The main problem is the plummeting price of solar panels.

As the Post reports:

By 2012, the market was being flooded by imported Chinese panels, and module prices plummeted. In July 2012, GE put the plant on an 18-month hold.


That coincides with a comment from David Amster-Olszewski in our cover story in this week's edition, "Sunblock for SunShare," about China being way ahead of the rest of the world in developing solar power.

It also underscores concerns of some Colorado Springs City Council members that the decreasing cost of solar might suggest the city should put a hold on a proposal to authorize a continuation of the city's solar gardens program. Council will take up the matter at its Aug. 13 meeting. If Council wants to pursue the program, final approval would come Aug. 27, after which a request for proposals would be drafted and issued, with one or more developers chosen in October or November, Colorado Springs Utilities says.

Add a comment

Clicky Quantcast