Taiwanese solar-cell maker Motech Industries Inc. said on Dec. 29 it will acquire a plant from General Electric Co.'s energy unit for $4.54 million.
The Delaware plant has an annual capacity of about 30 megawatts, and will be Motech's first solar-cell module assembly plant, said Motech deputy spokesman Dylan Wong.
One megawatt is enough to power 1,000 homes, according to Taiwanese officials.
The agreement, signedon Dec. 28 with GE Energy (USA) LLC, will enable Motech to use GE Energy's brand on solar-cell modules made in Delaware for two years, the company said.
Motech is looking to GE's brand recognition to help it secure demand, Wong said, adding the deal is expected to close in early January.
Motech is also building a module assembly plant in the east Chinese province of Jiangsu, which will begin operations by the middle of 2010 with an initial annual capacity of 40 megawatts.
Copyright Agence France-Presse, 2009
