GE has announced that a full-size, thin film solar panel developed by the company has been independently certified as the most efficient ever publicly reported milestone for the technology. GE intends to manufacture the record-setting solar panels at a new US factory that will be larger than any existing solar panel factory in the country today.

When complete, the factory will highlight an expected $600 million plus investment made by GE in solar technology and commercialization and will be complemented by the recently announced acquisition of power conversion company Converteam.

Global demand for photovoltaics is expected to grow by 75 GW over the next five years, with utility-scale solar power plants making up a significant part of that growth, GE noted.

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