Three years ago, renewable energy developers laid plans to populate the American Southwest with massive solar thermal power plants, which concentrate the sun's rays to boil water and create steam to turn turbines that generate electricity. But as the projects went through lengthy permitting and environmental reviews, the price of photovoltaic solar panels plummeted because of a global oversupply driven by a glut of low-cost panels from China.
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.
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