Major Investment in Clean Energy Future
Array Technologies (NASDAQ: ARRY) commenced the construction of a new solar manufacturing facility in Bernalillo County, New Mexico, with the presence of U.S. Energy Secretary Jennifer Granholm and Senators Martin Heinrich and Ben Ray Luján. The $50+ million investment signals a pivotal step towards advancing the region’s renewable energy landscape.
Array Technologies’ Commitment to Sustainability
The groundbreaking ceremony underscores Array’s dedication to fostering job creation and fortifying the domestic supply chain in the clean energy sector. Kevin G. Hostetler, CEO of Array Technologies, emphasized the significance of government collaboration in driving pro-growth policies and fostering American job creation.
Impact on Local Economy and Job Creation
The new 216,000-square-foot manufacturing campus, situated on Albuquerque’s west side, is expected to employ over 300 residents initially. The Inflation Reduction Act’s production tax credit and state economic assistance have facilitated this significant investment, enhancing American energy independence and spurring economic growth.
Collaborative Efforts for Sustainable Growth
Array’s expansion project received support from various government entities, including the Local Economic Development Act (LEDA) job-creation fund, the City of Albuquerque, and Bernalillo County. Mayor Tim Keller highlighted the positive economic impact of the expansion, affirming Albuquerque’s commitment to green initiatives.
Abigail Ross Hopper, President and CEO of the Solar Energy Industries Association (SEIA), praised Array’s investment as a testament to the positive outcomes of federal policies. The expansion aligns with Array’s mission to drive renewable energy adoption and contribute to a sustainable future.
About Array Technologies
Array Technologies (NASDAQ: ARRY) is a global leader in utility-scale solar tracking technology, renowned for its robust solar trackers and sophisticated software. Committed to delivering cost-effective and sustainable energy solutions, Array leverages its diverse global supply chain to support solar energy projects worldwide.
Source：globenewswire.com
