Varnum Blogs
Solar Activity in Saginaw Bay Area
February 1, 2012
Suniva Inc. is looking for acceptable financing and favorable market conditions before committing to a 2013 start-up of its $250 million solar cell manufacturing facility in Thomas Township. To assist with financing, in December the Michigan Economic Development Authority authorized an $8.7 million tax credit and renewed a previously granted $15 million photovoltaic Michigan Business Tax credit. Ground has been broken on the 240-acre Great Lakes Solar Technology Park where 40 acres have been set aside for Suniva. Meanwhile, GlobalWatt, a developer of solar products, shut down its manufacturing facility in Saginaw area and left behind unused tax credits to relocate operations in Copemish and Hudsonville.
