GE sees new U.S. solar plant running by 2013
BOSTON (Reuters) - General Electric Co aims to have its new U.S. solar-panel plant up and running by 2013, the head of the largest U.S. conglomerate's renewable energy unit said in an interview.
GE earlier said it aimed to invest about $600 million in a U.S. plant that each year would produce solar panels capable of generating 400 megawatts -- enough power to meet the needs of 80,000 homes.
"We're targeting 2013 as when the plant will be operational," said Victor Abate, vice president of GE's renewable energy unit. It will choose a site for that plant in the next 90 to 100 days, he added.
The company expects its recently disclosed orders for 100 megawatts of new solar products to generate "hundreds" of millions of dollars in revenue, Abate added.
(Reporting by Scott Malone, editing by Dave Zimmerman)
- U.S. Mega Millions lottery up to $400 million, 2nd-biggest ever
- Uruguay becomes first country to legalize marijuana trade
- Pope Francis named Time's Person of the Year
- Thousands of South Africans line up to see Mandela lie in state |
- China bitcoin arbitrage ends as traders work around capital controls