General Electric will close its only solar panel manufacturing plant

It is learned that, General Electric Co., (GE) plans to close its only solar panel manufacturing plants, mainly because prices have been lower than the cost of production. Milissa Rocker GE spokesman, said in an interview, the company has in the October 23 announced the reorganization of solar energy business to its staff, but also intends to close the Newark, Delaware, plant. Rocker said that the decision to close the plant was mainly due to the challenges facing the solar energy industry, such as the needs of the industry can achieve twice the capacity, product prices are below cost and so on.

General Electric plans to January 1, 2010 to stop production of silicon crystal panels. Rocker said the company would be closed before the end of June next year, the plant. She said the plant currently employs 82 people will be all fired and received severance pay and related benefits. Rocker, however, said GE is also the issue of the plant to explore other options.

Nov. 10, 2009