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Solar Panel Production Gets Fueled With Hefty Investments

September 29, 2007 - As oil prices continue to rise and the reality of our current out-of-whack weather patterns slowly sinks in, the focus on how important sustainable and renewable technology is for our future also heightens. In the span of just one year, between 2005 and 2006 investment into the green-technology industry has grown from $623 million  to $1.5 billion. The largest amounts of this investment being put towards the solar and bio-fuel areas of research is also prompting an interesting boom in the declining auto industry region.

The automotive industry has been progressively losing its momentum in the United States, and the workers within the industry are  quickly becoming disenchanted with they're, well, known lack of job security. This shift is also fueling a very active interest in the green and clean tech job market in the Midwest and other typical steel belt areas. Everyone from engineers to marketing types are stepping away from conventional tech jobs and stepping up to the green movement's far more promising business projection.

In the town of  Toledo, where glass works focused on windshields for the nation's cars, sedans, and trucks, the green shift is taking form in the shape of a remarkable growth in solar panel production. The switch to being the solar panel capital is a fairly seamless one, given that Toledo is already so abundant in glass works facilities and glass is one of the main materials in solar panels.

One company already grabbing hold of this quickly growing market is, First Solar, which already employs 550 employees, and has openings for 38 more.  This begets the predictions of capital analysts that by 2010 the green and clean tech industry could support 50,000 employees working toward a better, healthier planet.

Back to September, 2007 News