We reached out to Suntech Power’s spokeswoman after the announcement that the company plans to build a plant that can produce 30 MW of capacity by late 2010 and learned that the company is, indeed, seeking stimulus funds.
Spokeswoman Sarahjane Sacchetti told us, via email, that the company would seek a 30 percent manufacturing tax credit available under the American Recovery and Reinvestment Act. The company, as expected, is also working with the state of Arizona and the Greater Phoenix Economic Council on grants, property tax abatements, permit fee waivers and local tax reductions, Sacchetti writes.
The company will be funding the construction by itself but has not put a price on the project yet, since officials are still considering sites.
As for the timing of the announcement, Sacchetti added, Read More »