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Solar Company Investing $220M in Michigan

10/16/2008
United Solar Ovonic, a manufacturer of rooftop solar panels, will invest approximately $220 million to build a factory in Battle Creek, Michigan, according to the Michigan governor's office. The company plans to create 350 jobs with the project. "After careful analysis of a number of potential sites, we have chosen Battle Creek for this new 120MW plant, as we continue to select sites that offer access to qualified work forces and the ability to quickly begin construction and ramp production," says Mark Morelli, president and CEO of Energy Conversion Devices, Inc., United Solar Ovonic's parent company. The state and local government agencies have offered the company an incentive package that totals approximately $120 million, according to company officials, that includes $41.4 million in tax credits over a 20-year period, an additional $67 million in property tax abatements, and a $12.6 million grant to fund infrastructure improvements.

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