Solar Power to build manufacturing plant in Central Valley
March 9, 2010
• Sacramento County commits $24.7 Million in bonds to project
• Company also plans 10 Megawatt solar farm
Solar Power Inc. (OTCBB: SOPW) of Roseville says it’s making plans to build a manufacturing plant and a massive solar “farm” in Sacramento County thanks to the county’s commitment to $24.7 million in bonds funded by the federal stimulus act.
The manufacturing facility would build high-performance solar panels. The company has not said where the plant might be located or how many people it might employ.
Solar Power says it also plans to begin development of a utility-scale photovoltaic solar system in Sacramento County. The system, which will be designed, engineered, and constructed by the company, will exceed 10 megawatts in electricity production capacity and have an estimated value of $50 million upon completion, the company says.
It has not offered a timeline for development of either project.
“Expanding our manufacturing base to California will significantly enhance our ability to meet growing demand for our solar system development expertise and our top-ranked solar panels across the U.S.,” says Steve Kircher, chairman and CEO for Solar Power.
Solar Power designs, manufactures and delivers photovoltaic solar systems for residential, business, government and utility customers. Through its vertical integration, it manages all aspects of system development from material sourcing through post-installation system performance monitoring.
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