LG Electronics Enters North American Solar Market
LG Electronics Inc. says it has entered the North American commercialsolar market. The company says it plans to expand its global solarbusiness to $2.4 billion by 2015 and to invest $820 million over thenext five years in its solar cell research and manufacturing.
"The U.S. is one of the fastest-growing solar markets in the world and isexpected to grow significantly over the next several years, in part, due to federal and state incentives," says Geoff Slevin, vice president ofLG Electronics North America’s solar division.
LG adds that itwill unveil new multicrystalline and monocrystalline modules, whichfeature a lightweight frame design that drains liquid even wheninstalled at tough horizontal and vertical angles, internal mechanicalload standards (5400Pa), and frame anodizing to improve the moduleframe’s durability.
SOURCE: LG Electronics Inc.
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