Why Invest Billions In Solar?

GE said that it has closed more than 100 megawatts of orders,
. . . including 60 megawatts with NextEra, an existing GE wind customer.

The firm will be building a 400-megawatt factory in the U.S.
. . . with production starting in 2013.
. . . That would make it the largest solar plant in the U.S. today.
He suggested that if 10% of GE's wind farms added hybrid solar,
. . . the GE factory would be sold out for 6 years.

Abate said, “Our plan to open a U.S. solar manufacturing facility further demonstrates our confidence in this technology and is just the first phase in a global, multi-gigawatt roadmap."

GE has more than 90,000 global employees and 2010 revenues of $38 billion. This move indicates that the big boys may be waking up to the solar growth market.


Source: dailyenergyreport  greentechmedia