General Electric has halted construction of what would have been the largest solar factory in the U.S. due to the falling price of photovoltaic modules globally and says it will focus instead on developing the next generation of cadmium-telluride thin-film technologies for the developers of solar plants. Construction of the 400-megawatt factory in Aurora, Colo, which had been announced after GE purchased Primestar Solar in April 2011, will be put on hold for at least 18 months, company officials say. While the thin-film panels are less efficient than conventional silicon panels, they had emerged as a popular option for large utilities since they can be built at a cheaper cost, particularly when silicon prices are high. But with a steep drop in silicon prices and increased solar production in China, the price of conventional solar modules has dropped roughly 50 percent in recent months. “Given those dynamics… we’re focusing our efforts on developing the next generation of [cadmium-telluride] module technology so we can reach higher efficiency levels and a more competitive cost position,” Danielle Merfield, GE’s general manager for solar technologies, told Forbes.
U.S.’s Largest Solar Factory Halted in Face of Dropping Prices
More From E360
-
Energy
Why U.S. Geothermal May Advance, Despite Political Headwinds
-
Food & Agriculture
In War Zones, a Race to Save Key Seeds Needed to Feed the World
-
Climate
Lightning Strikes the Arctic: What Will It Mean for the Far North?
-
RIVERS
A Win for Farmers and Tribes Brings New Hope to the Klamath
-
Solutions
Deconstructing Buildings: The Quest for New Life for Old Wood
-
NATURAL DEFENSES
How Restored Wetlands Can Protect Europe from Russian Invasion
-
Solutions
Birds vs. Wind Turbines: New Research Aims to Prevent Deaths
-
FORESTS
Cambodian Forest Defenders at Risk for Exposing Illegal Logging
-
OPINION
The ‘Green’ Aviation Fuel That Would Increase Carbon Emissions
-
CONSERVATION
Out of the Wild: How A.I. Is Transforming Conservation Science
-
Energy
China’s Mega Dam Project Poses Big Risks for Asia’s Grand Canyon
-
Solutions
How Natural Solutions Can Help Islands Survive Sea Level Rise