Thursday, December 3, 2009

Governor Rendell: Major Solar Project in Philadelphia Navy Yard to Create 400 Jobs

From the Department of Environmental Protection:
Governor Edward G. Rendell announced today that one of the world’s most competitive and innovative thin-film solar panel producers will open a manufacturing facility in Philadelphia’s Navy Yard, creating 400 jobs and leveraging hundreds of millions of dollars of private investment.

The Governor said the planned project by Heliosphera US represents an exciting development for Pennsylvania’s green economy that will bolster the state and city’s reputation as an emerging leader in solar technology and development.

“This was a very competitive project and Heliosphera’s decision to locate this exciting facility at the Navy Yard speaks volumes about Pennsylvania’s efforts to build a competitive economic climate and one that encourages growth and innovation in the renewable energy field that will define our future,” said Governor Rendell.

“This project means a great deal for the city and the state, not only in terms of jobs and the sizeable investment the company is making here, but also in strengthening our state’s presence in the solar energy industry. Solar is the fastest growing source of electric generation in the world. With this and other solar projects underway across the state, we’re making a statement that we intend to be a leader in that growth.”

Pennsylvania provided the company with a $49 million funding offer, coordinated through the Governor’s Action Team, consisting of a variety of grants and loans.

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