LG Electronics Enters North American Solar Market

LG Electronics Inc. says it has entered the North American commercial solar market. The company says it plans to expand its global solar business to $2.4 billion by 2015 and to invest $820 million over the next five years in its solar cell research and manufacturing.

‘The U.S. is one of the fastest-growing solar markets in the world and is expected to grow significantly over the next several years, in part, due to federal and state incentives,’ says Geoff Slevin, vice president of LG Electronics North America's solar division.

LG adds that it will unveil new multicrystalline and monocrystalline modules, which feature a lightweight frame design that drains liquid even when installed at tough horizontal and vertical angles, internal mechanical load standards (5400Pa), and frame anodizing to improve the module frame's durability.

SOURCE: LG Electronics Inc.

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