General Electric has decided not to build a solar panel factory in Aurora that could have created 350 jobs, the Denver Post
reports in today's edition
Instead, it will give technology developed by a Colorado start-up to its interest in a solar panel maker to First Solar in exchange for shares in the Arizona company. The main problem is the plummeting price of solar panels.
As the Post
By 2012, the market was being flooded by imported Chinese panels, and module prices plummeted. In July 2012, GE put the plant on an 18-month hold.
That coincides with a comment from David Amster-Olszewski
in our cover story in this week's edition, "Sunblock for SunShare,"
about China being way ahead of the rest of the world in developing solar power.
It also underscores concerns of some Colorado Springs City Council
members that the decreasing cost of solar might suggest the city should put a hold on a proposal to authorize a continuation of the city's solar gardens program. Council will take up the matter at its Aug. 13
meeting. If Council wants to pursue the program, final approval would come Aug. 27
, after which a request for proposals would be drafted and issued, with one or more developers chosen in October or November, Colorado Springs Utilities