AstroPower Sold to GE and other PV News

PV News, to a total of 742 megawatts of generation capacity. But production in the U.S. dropped by 20% due to problems at AstroPower, which fell apart following an accounting scandal, and reduced U.S. production by BP Solar, which is ramping up plants in Australia and Spain. Meanwhile GE is buying AstroPower’s production facilities for $15 million in cash and $3.5 million in debt, according to

The New York Times. GE bought Enron’s wind energy division in 2002 and has been very successful with it. The move by GE into solar is being heralded by some as proof that solar power has also arrived as a major player.