Date: 18 October 2011
General Electric's plans to build a $300 million solar panel plant in Colorado comes as the solar industry has been rocked by a string of bankruptcies and falling prices.
On Friday, as GE executives outlined plans to build the country's largest solar factory in Aurora, a congressional committee was holding hearings in Washington, D.C., on the bankruptcy of solar-panel maker Solyndra.
California-based Solyndra filed for bankruptcy on Sept. 6, shutting its plant and firing 1,100 workers.
The federal government was left to cover a $535 million loan guarantee and private investors lost an estimated $1 billion.
Solyndra was the third panel maker to file for bankruptcy in three months.
Read more: www.denverpost.com/business/ci_19117587
http://www.denverpost.com
2011-10-18T13:00:00
GE radiates confidence with plans for solar-panel plant in Aurora
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