Friday, April 15, 2011
Denver Manufacturing Jobs Supported by GE Purchase of PrimeStar
A prominent company's move to purchase a local renewable energy business will support many Denver manufacturing jobs (Click here).
General Electric recently announced its plans to purchase PrimeStar Solar Inc. and build a new solar panel manufacturing plant that will eventually employ about 400 people. PrimeStar, which is located close to Denver and employs nearly 100 local residents, makes thin film solar technology solutions.
PrimeStar and GE were recently recognized by the National Renewable Energy Laboratory for producing one of the most efficient solar panels ever reported. To support further production of that technology, GE plans to build a new $600 million solar panel manufacturing plant that will be larger than any existing facility in the nation.
General Electric recently announced its plans to purchase PrimeStar Solar Inc. and build a new solar panel manufacturing plant that will eventually employ about 400 people. PrimeStar, which is located close to Denver and employs nearly 100 local residents, makes thin film solar technology solutions.
PrimeStar and GE were recently recognized by the National Renewable Energy Laboratory for producing one of the most efficient solar panels ever reported. To support further production of that technology, GE plans to build a new $600 million solar panel manufacturing plant that will be larger than any existing facility in the nation.
"Over the last decade, through technology investment, GE has become one of the world's major wind turbine manufacturers, and our investment in high-tech solar products will help us continue to grow our position in the renewable energy industry," Victor Abate, vice president of renewable energy for GE, said in a statement.
When operating at capacity, expected to be 400 megawatts, the manufacturing plant will produce enough solar panels to power 80,000 homes each year. A number of locations are being considered for the new facility.Experts expect demand for photovoltaics to increase by 75 gigawatts during the next five years, with the majority of that growth coming from utility-scale solar power plants. GE's new manufacturing facility will place the company in a position to take advantage of this growth.
Labels: Denver manufacturing jobs
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