Saturday, October 10, 2009

Saginaw Snags 500-Job Solar Plant

Gov. Jennifer M. Granholm Tuesday announced a significant addition to Michigan’s burgeoning clean-energy industrial base as Georgia-based Suniva Inc. will invest $250 million in a new solar manufacturing facility in Saginaw County’s Thomas Township. Suniva will create 500 new jobs over the next five years subject to receiving a Department of Energy loan guarantee, which the company recently applied for. The Michigan Economic Growth Authority Tuesday, on Michigan Economic Development Corp. recommendation, approved a photovoltaic Michigan Business Tax credit valued at $15 million over five years. State officials also approved incentives to move forward the Wixom transformation project announced last month. Clairvoyant Energy Solar Panel Manufacturing Inc. was granted a photovoltaic MBT credit valued at $25 million, and Xtreme Power Inc. received an advanced-battery credit valued at $100 million. More.

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