sees plant up

BOSTON/NEW YORK (Reuters) General Electric Co made a big push in solar power, saying it will invest Canada Goose Jackets $600 million to build a new factory as it pursues what it thinks could be an up to $3 billion business by 2015.

The cheap canada goose uk sign at the entrance to a General Electric Co. facility is seen in Medford, Massachusetts July canada goose clearance 17, 2009. conglomerate, which over the last decade has made itself a leader in renewable energy, said it has designed a thin film solar panel that converts sunlight to electricity more efficiently than rival products today.

The Canada Goose Coats On Sale move is likely to ramp up already intense price competition, particularly for First Solar Inc, which uses the same thin film technology as GE has focused on.

time, there is going to be a lot of pricing pressure and the margins probably will not be what they are today, said John Segrich, portfolio manager of the Gabelli SRI cheap Canada Goose Green Fund. will be a very big market canada goose clearance sale on a megawatt basis, but Canada Goose online it a question of at what price?

GE said it is focused on driving prices down.

biggest challenge today for the mainstream adoption of solar is cost, and the way you move cost is efficiency, said Victor Abate, buy canada goose jacket cheap vice president of GE renewable energy unit. see ourselves continuing to push that. factory in a yet to canada goose black friday sale be chosen location Canada Goose sale that will employ 400 and produce enough solar panels each year to meet the needs of 80,000 homes.

The company also landed more than 100 megawatts of cheap Canada Goose Parkas uk canada goose outlet orders for solar thin film products, which Abate said would generate of millions of dollars in revenue.

Under canada goose coats Chief Executive Jeff canada goose store Immelt, GE has been aggressively building out its canada goose coats on sale renewable energy portfolio, starting with the wind turbine business, which it entered in 2002 and now generates about $6 Canada Goose Online billion in annual sales.

The company has been exploring solar since 2007 and Immelt told investors in December canada goose factory sale that he believed it could be a $2 billion to $3 billion business for GE by 2015.

Renewables are just a slice of GE $37.5 billion energy unit, which also makes coal burning power canada goose uk shop plants and nuclear reactors, including the design used at Japan quake hit Fukushima power plant that is the site of the world worst nuclear crisis since Chernobyl.

SOLAR GROWTH COULD STALL Global demand for solar panels has grown more than 30 percent annually in recent years, topping 15 gigawatts in 2010 largely due to a boom in business in Germany.

But key European markets are trimming canadian goose jacket subsidies for solar, leading some industry experts to worry that growth could stall just as manufacturers ramp up https://www.topparka.ca their capacity.

That could lead to a glut in supplies, pressuring prices and squeezing profit margins for key companies such as First Solar, Germany SolarWorld AG, buy canada goose jacket China JA Solar Holding and Suntech Power Holdings.

But the modest size of GE initial move a 400 megawatt plant would meet just 3 canada goose percent of current global demand of 15 gigawatts per year may limit the effect uk canada goose GE has on its established Canada Goose Outlet rivals.

going to have a lot of catch up to do here. First Solar output will be somewhere around 2 1/2 gigawatts by the end of this year, said Adam canada goose uk black friday Krop, solar analyst with Ardour Capital Investments in New York. terms of scale, First Solar is still well ahead of them, but obviously GE has very deep pockets.

FOCUS ON canada goose uk outlet THIN FILMS GE said it bought the remaining stake in PrimeStar solar, in which it first took a stake Canada Goose Parka in 2008.

The Fairfield, Connecticut based company is targeting large scale utility solar projects, and plans to highlight its production of equipment to connect solar panels to the grid.

Reporting by Scott Malone in Boston and Matt Daily in New York, additional reporting by Sakthi Prasad and Krishna N Das in Bangalore; Editing by Maureen Bavdek and Gunna Dickson.