GE Energy Takes Majority Stake In Primestar Solar
GE Energy, the energy arm of GE, said yesterday that it has acquired a majority stake in Golden, Colorado-based PrimeStar Solar, a developer of thin-film photovoltaic modules. GE Energy did not disclose financial terms of the deal. PrimeStar Solar was founded in June of 2006 to develop and commercialize thin-film photovoltaic modules; the firm received an investment from GE in September of last year. GE Energy said the increased stake in the firm underscores the firm's commitment to solar energy.
posted on Thursday, June 12, 2008
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