House Tablet

Find The Best Solar Deals In Australia

  • 3 Free, No Obligation, Solar Quotes
  • From Fully Qualified Installers
  • With 1000’s of Customer Reviews
  • Competing for Your Business
Finn Peacock Caricature

Check Your Postcode for local solar power quotes

General Electric faces solar power setback

9th Jul 2012

It won't come as a shock to anyone that solar power has become increasingly popular over recent years - with rising bills and people being more concerned about the environment, solar can seem a pretty safe option.

In light of this, it's hardly surprising that companies are trying to get on the solar power bandwagon - and General Electric (GE) is no exception.

GE already has a pretty impressive portfolio and claims to build power generation equipment and technology that produces a quarter of the globe's electricity every day.

This hasn't stopped it identifying opportunities in solar electricity - but the plans have hit a snag.

Construction of the thin-film solar factory in Colorado has been suspended for at least 18 months, which has largely been triggered by the falling price of solar panels.

A decline in manufacturing capacity has also taken its toll - Danielle Merfeld, GE's general manager of solar technologies, explained.

Speaking to the Financial Times, she said: "We will be using the time to develop the technology the marketplace need.

"We are raising the efficiency of our panels and making other cost savings, and these combined will give us a cost position that we think will be competitive."

Solar power businesses are the same as any other company - the market conditions need to be right when they launch to make sure there's a good chance of making a profit.

Even a company as big as GE isn't immune from fluctuations in the solar industry and the firm hopes to invest the time in increasing the efficiency of its panels.

Thin-film solar cells are already being created by GE, which it believes provide a cost-effective alternative to traditional panels.

As the name would suggest, the panels need less material and are still able to achieve high levels of performance - so it's no surprise GE is keen on creating more!

Posted by Mike Peacock

Solar Power News Categories

Government Rebate & Regulations
Solar Power & Technology

More Solar Power & Technology

Australia to be a part of huge Asian renewable energy growth
SunPower steps up to make solar more affordable
Canberra makes strides toward carbon neutrality
GTM puts solar's massive growth in perspective
Examining Australia's falling solar PV rooftop prices
Australia's shift toward renewable energy picks up the pace
Australia shines at solar decathlon
University of Queensland tapped as lead researcher on massive solar project
100 per cent renewable energy is possible in 10 years, environmental group says
Climate Commission releases report on solar progress
Aussie government actually shows spine for solar power
Be gone, skeptics: One million solar installations and counting
Australia embarks on its greatest solar journey ever
Australia looks to solar thermal for commercial success
Solar power helps King Island reach 100% sustainability
Australians 'heavy supporters of solar power'
Mildura solar plant officially unveiled
Solar power trumps other renewables in Australian minds
Sunshine Coast solar farm "fantastic initiative"
Sunshine Coast cashes in on namesake with solar plans
Energy storage 'could maximise solar power utility'
Solar powered family car - a world first?
Code of conduct for solar installers in the works
'Stop punishing households' for solar PV
Australian solar companies 'adjusting well'
Australian mining 'next solar frontier'
"Rooftop revolution" underway across Australia
Global PV market emerging from sluggish period
Royalla solar farm receives final approval
Leadership challenge a "debacle" for Australian solar power
Solar power giving global renewables a helping hand
Australia's largest CPV solar power plant up and running
Renewable energy misinformation "staggering"
CEC: Don't underestimate consumer desire for solar
Setting energy efficient examples on TV
Solar PV brightening up household bills
World's largest solar powered boat on the move
Climate change is heating up
The global solar power shift
New solar tech win for NSW
Industry orgs praise City of Sydney solar efforts
Clean Energy Council supports Regional Renewables scheme
Asian nations emerging as PV leaders
Solar PV demand continues to grow
Regional areas of Australia to receive more renewables
Australia's significant renewable energy growth
Solar panel reprieve for Queensland
New funding for solar research
Find love with sustainable speed dating
New Victorian solar power deal