GE Energy Assumes Majority Interest In PrimeStar Solar

GE Energy has increased its equity share in PrimeStar Solar Inc., an emerging solar thin-film technology and manufacturing company. GE already held a minority equity share of PrimeStar Solar, as announced in September 2007.

‘Increasing our stake in PrimeStar Solar to a majority interest underscores our continuing commitment to solar energy,’ says Victor Abate, vice president of renewables, GE Energy. ‘GE Energy believes that renewable resources, including wind and solar, will play an ever-increasing role in the future of the global energy industry.’

SOURCE: GE Energy

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