LOVELAND, Colo.–(BUSINESS Wire)–Abound Solar, manufacturer of next-generation, cadmium France, photovoltaic solar modules in a thin, today announced that it has leased 781,750 square foot-equivalent facility Tipton, Ind., if it be the establishment of a manufacturing plant in which the solar module. Abound solar system was able to complete the previously announced a 400 million dollars of the United States Department of the guarantee and 110 million dollar equity after closing.
The port facility is located in the United States for the purposes of articles 31 and IND. 28 and that consists of a total of 104 acres was purchased at the intersection of W.W. Reynolds Companies, real estate development company based in Boulder, Colo, starting with the confidence of the contractors, the defendants in the main proceedings, which had been the owner of the property as it applies to the former Getrag Transmission Manufacturing LLC 2009 bankruptcy has led to an investment pool. Abound solar system is made in the course of a long term lease, W.W. Reynolds Companies, which allows the necessary property of the company to improve the manufacturing factory, the production capacity of 640 MW per year, the annual solar module development. The site is expected to start in 2012 and brings more than 1 000 full-time jobs in the region.
“We are excited to expand our manufacturing footprint in Tipton, Indiana,” said the Tiller, Abound Solar CEO Tom. “We appreciate the local community and its leaders, who have helped make this happen.”
“We look forward to extending the We built with Abound Solar they established in Colorado, their relationship to the first manufacture of equivalent facility,” said President Bill Reynolds, W.W. Reynolds companies. “We are proud to partner with their revitalize Tipton site and job back to Tipton County.”