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Looking back it’s easy to pinpoint the moment the U.S. wind industry came of age: April 12, 2002, when General Electric won Enron Wind Corp.’s wind assets in a bankruptcy auction.
The conglomerate’s $358 million bid has since mushroomed into a $6 billion dollar business and the fastest-growing electricity generation technology in the U.S.
Now GE is hoping to repeat that trick in solar energy. GE announced yesterday a $600 million investment to start manufacturing solar panels in a new factory slated to be the largest in the U.S.