Suniva Gets DOE Loan For New Plant in Michigan
04/02/2010
The project is expected to create 500 new direct jobs at Suniva and 2,000 indirect jobs for the local economy.
The money is coming from the U.S. Department of Energy Loan Guarantee Program under the DOE's Innovative Energy Efficiency, Renewable Energy and Advanced Transmission and Distribution Technologies Solicitation.
"The DOE's acceptance of Suniva into the Loan Guarantee Program is very timely and supports the shared vision of President Obama and Suniva in significantly increasing the level of exports over the next five years," said John Baumstark, chairman and CEO of Suniva, in a press statement.
"The loan guarantee is essential to our efforts in building a second manufacturing plant in Michigan as quickly as possible, creating new cleanses jobs for Americans and supporting the economy by substantially increasing the number of solar cells and modules available for export."
Suniva says the loan will let the company more than triple exports over the next five years.
Last year, Suniva exported more than 90 percent of its products to Asia and Europe.
Project Announcements
PEAK Precision Manufacturing Plans Bowling Green, Kentucky, Operations
07/26/2024
Italy-Based Sipcam Agro USA Upgrades Wayne County, Mississippi, Operations
07/26/2024
Cleveland-Cliffs Plans Weirton, West Virginia, Operations
07/26/2024
IDEXX Laboratories Plans Wilson, North Carolina, Production Operations
07/26/2024
Germany-Based Ritz Instrument Transformers Plans Waynesboro, Georgia, Operations
07/26/2024
AirJoule Plans Newark-Wilmington, Delaware, Operations
07/26/2024
Most Read
-
19th Annual Area Development Gold and Silver Shovel Awards
Q2 2024
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
The CHIPS and Science Act will bring jobs back to the United States
Q2 2024
-
2023 Top States Commentary: Top-Ranked States Have What It Takes to Win Mega Projects
Q3 2023
-
The Bring Your Own Energy (BYOE) Party Is Starting
Q2 2024
-
Midwest becomes hotspot for semiconductor manufacturing and supply industries
Q2 2024