Solar energy is playing a bigger role in General Electric’s energy portfolio, and GE Energy has announced it is taking a majority stake in PrimeStar Solar.

"As we look at long-term renewables, we believe solar has a very strong role to play, and thin-film technology, we believe, is the best long-term solution for cost-effective solar," said Steve Bolze, vice president of GE Energy.

Bolze says GE’s investment in solar power will be similar to its investment in the wind business.

"We entered the wind business about six years ago with the acquisition of the Enron wind assets," he said. "That’s grown now ten-fold to over a $6 billion business for us, and we want to put solar on the same track."

The setback with solar currently is cost.  Solar energy is about six times more expensive per kilowatt-hour than wind, Bolze said. However, with economies of scale, he believes the cost will come down.

"We’re very bullish on solar for the long-term, but again, cost is going to be the key.  Technology’s got a key role to play there, and we want to play big," he said

Other solar power firms include First Solar, SunPower,Suntech Power and Yingli Green Energy.

SUNTECH HAS BEEN A DECENT BUY FOR ME.  MOTOWNMIKE

I have GE for awhile and it is still down

solar is the future

also wind is going to be a big part of the worlds new energy

also wind is going to be a big part of the worlds new energy

also wind is going to be a big part of the worlds new energy

karand:

Solar energy is playing a bigger role in General Electric’s energy portfolio, and GE Energy has announced it is taking a majority stake in PrimeStar Solar.

"As we look at long-term renewables, we believe solar has a very strong role to play, and thin-film technology, we believe, is the best long-term solution for cost-effective solar," said Steve Bolze, vice president of GE Energy.

Bolze says GE’s investment in solar power will be similar to its investment in the wind business.

"We entered the wind business about six years ago with the acquisition of the Enron wind assets," he said. "That’s grown now ten-fold to over a $6 billion business for us, and we want to put solar on the same track."

The setback with solar currently is cost.  Solar energy is about six times more expensive per kilowatt-hour than wind, Bolze said. However, with economies of scale, he believes the cost will come down.

"We’re very bullish on solar for the long-term, but again, cost is going to be the key.  Technology’s got a key role to play there, and we want to play big," he said

Other solar power firms include First Solar, SunPower,Suntech Power and Yingli Green Energy.

i agree, i just wish there price could go down

i agree with you too, even though i believe solar power is more efficient wind is effective too.

Thanks for the info.

 I don't beleive that just one renewable source is the answer. We need to get out of the not in my back yard, mind set. I would rather have a wind farm in my back yard than a coal fired plant.

We need to leave no stone unturned as they have been left for far too long.

Intel has just announced a spin off of a solar company to be developed under the name SpectraWatt.

yeppers