GE Sells Solar to Wind FarmsJan 20th, 2012 | By John Waller | Category: Top Story
As renewable energy deals ago, General Electric’s announcement this week that it would supply 23 megawatts of solar panels for an Illinois photovoltaic farm was rather small change.
But it’s the type of thin-film solar panels and where the photovoltaic power plant will be built that foreshadows a potentially sizable business opportunity as well as a way to maximize renewable energy production.
By pairing wind and solar farms, Invenergy makes more efficient use of the transmission system, given that both sources of electricity are intermittent and tend to hit peak production at different times of day. That helps power grid operators balance supply and demand.
“You put those two together you have a much more dispatchable and local renewable system,” Victor Abate, vice president of GE’s renewable energy business, told me Thursday. “We’ve built 30 gigawatts of wind farms so adding solar is a good utilization of assets.”