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Press Releases * Calisolar - 0 views

www.calisolar.com/...expand_production.php

Calisolar Correnti LowndesCO Mississippi

shared by Yadkin River on 31 Dec 11 - No Cached
  • Its investors include Advanced Technology Ventures, Globespan Capital Partners, Good Energies, Hudson Clean Energy Partners, and Ventures West.
  • We are grateful to Governor Barbour, the Mississippi State Legislature, the Mississippi Development Authority, and Lowndes County
  • Calisolar was awarded a clean energy manufacturing tax credit as part of the American Recovery and Reinvestment Act
  • ...6 more annotations...
  • SMS Siemag
  • supplying the majority of the equipment to be installed at the Mississippi facility
  • San Antonio, Texas-based Zachry Holdings, Inc
  • engineering and building the facility
  • upport from the Tennessee Valley Authority
  • Lowndes County Development Authority
Yadkin River

PUCO, Ohio Edison inch closer to deal with Calisolar - 0 views

ijovial.com/12inchandunder

GMPlant Calisolar ohio Correnti OntarioOH

shared by Yadkin River on 30 Dec 11 - No Cached
  • The agreement could save the California-based company more than $100 million in electricity costs. The arrangement is for 10 years, starting with production at the new facility, or for 12 years starting with construction. The incentive is tied to a variety of conditions, including employment benchmarks.
Yadkin River

Ohio Green Strategies Blog published by Bricker & Eckler LLP - 0 views

www.ohiogreenstrategies.com/details.aspx

ohio Calisolar GMPlant

shared by Yadkin River on 30 Dec 11 - No Cached
  • Jun 02, 2011 Calisolar incentive agreement awaits PUCO approval   Calisolar Inc. filed an agreement with the Public Utilities Commission of Ohio this week that if approved could save the company more than $100 million in electricity costs at its proposed manufacturing facility in Ontario, Ohio, according to an article in the Mansfield News Journal. Calisolar, Ohio Edison Co. and PUCO staff have signed off on the incentive agreement and urged the five-member Commission to quickly approve it. Calisolar, a producer of low-cost silicon for solar cells, plans to take over a vacant General Motors plant. The incentive agreement is contingent upon several things, including Calisolar hiring a certain number of employees. In exchange for locating in Ohio Edison's service area, the agreement states Calisolar will be eligible for up to $100 million in electric rate discounts if the facility's full-time employment is 1,100 or less, and up to $125 million in discounts if employment exceeds 1,100, according to the article.
Yadkin River

China | ThinkProgress - 0 views

thinkprogress.org/...2

china coal purchase spree corporate buyout chinese development

shared by Yadkin River on 27 Dec 11 - No Cached
  • “In Durban, I expect governments to find a way forward for the Kyoto Protocol so we can make a broader comprehensive climate agreement possible,” said Mr. Ban in remarks prepared for delivery to an event on climate change organized by the mission of the United Kingdom to the UN.
  • Mr. Ban urged governments to launch the Green Climate Fund, which was established last year in Cancun, Mexico. “But it must not be an empty shell – a fund in name only. Governments must provide the $100 billion that was pledged. This would be a welcome concrete outcome at Durban.”
Yadkin River

Ohio apparently ruled out for steel mill | cleveland.com - 0 views

blog.cleveland.com/..._apparently_ruled_out_for.html

shared by Yadkin River on 23 Dec 11 - No Cached
  • But the group wasn't able to get a handle on its electricity costs in Ohio because the state has yet to decide how rates will be regulated in the future, said David Stickler, managing director of Global Principal Partners LLC, which is working with Steel Development. He said nobody was able to say what the plant's power costs would be over the next five to seven years.
    • Yadkin River
      Yadkin River on 23 Dec 11
       
      What.... 5 to 7 years... ALCOA wants 50 years...Come On.........
Yadkin River

COLUMN-China's Great Wall of Money? Not the sovereign fund | Reuters - 0 views

in.reuters.com/...column-cic-idINSP7136020071205

shared by Yadkin River on 23 Dec 11 - No Cached
  • Mere rumours that China Investment Corp. (CIC) could enter the bidding for Rio Tinto (RIO.AX) (RIO.L) sent the Australian miner's stock higher last week, and talk that it might make investments in Japan boosted the Nikkei index .N225 and caused a bounce in the value of the yen.
    • Yadkin River
      Yadkin River on 23 Dec 11
       
      Rio was purchased Chinalco and alcoa
Yadkin River

European investors probably won't build steel plant in Ohio | The Columbus Dispatch - 0 views

www.dispatch.com/...steel.html

shared by Yadkin River on 23 Dec 11 - No Cached
  • The group, Steel Development, will now turn to about four other states to the south and west, Stickler said.
    • Yadkin River
      Yadkin River on 23 Dec 11
       
      This BUNK has been going on since early 2008...Same result...Different State
Yadkin River

State lawmakers approve Calisolar incentives package - The Dispatch - 0 views

www.cdispatch.com/...article.asp

CleanTech columbus Correnti Mississippi

shared by Yadkin River on 23 Dec 11 - No Cached
  • John T. Correnti, former CEO of SeverCorr (now Severstal) of Columbus, has served as chairman of the company''s board of directors since 2010 and reportedly has maintained close ties with Mississippi. The company has been in negotiations with Ohio officials since April, but the deal fell through in July when company representatives told the Mansfield News Journal in Mansfield, Ohio, that they were unable to meet a September construction deadline to qualify for a $275 million federal loan guarantee. Higgins said Lowndes County''s ability to meet Calisolar''s high power needs (nearly 170 MW of power, or roughly 40 MW more than the entire city of Columbus), along with Mississippi''s status as a right-to-work (non-union) state and the willingness of legislators to pass an attractive incentive package, may have tipped the balance in the Magnolia State''s favor.
  • "The reason we''re coming here, and I''m going to be frank, is the Mississippi farm boys and the farm girls," Correnti said, according to The AP. "I wouldn''t trade a Mississippi farm boy or farm girl for any Russian, Chinese, Japanese, Mexican, South American.
  • AP reports that details of Mississippi''s incentive package include a $59.5 million loan for the building and equipment, with Lowndes County retaining ownership of the building and leasing it to them. The state is also providing $15.75 million for infrastructure and workforce training.
  • ...1 more annotation...
  • According to the U.S. Bureau of Labor Statistics, the state''s unemployment rate was 11.1 percent for July, and Lowndes County''s unemployment rate was 12.4 percent. The national unemployment rate is 9.1 percent, or approximately 14 million people.
Yadkin River

Solar company to create 951 jobs in Golden Triangle - The Dispatch - 0 views

www.cdispatch.com/...article.asp

shared by Yadkin River on 23 Dec 11 - No Cached
  • which plans to locate in the Lowndes County industrial park. State Sen. Terry Brown, R-Columbus, told The Associated Press that the new jobs could pay between $40,000 and $50,000 per year.
  • An additional $100 million package is being considered for HCL CleanTech, a bio-technology company, which plans to build its headquarters in Olive Branch and construct a research and development center in Grenada. Three additional plants would be located in Booneville, Hattiesburg and Natchez. That project would create 800 jobs with an average salary of $67,000 plus benefits.
    • Yadkin River
      Yadkin River on 23 Dec 11
       
      Always wondered about the Clean Tech and NC reference
  • The Link has been in talks with Calisolar since Aug. 27, 2010
  • ...3 more annotations...
  • east of Industrial Park Road, directly behind Mitchell Beer Distributing, on 250-260 acres, said Joe Higgins, CEO of the Columbus-Lowndes Development Link
  • The facility will use around 170 MW of power, about 40 MW more than the entire city of Columbus. In comparison, Severstal uses about three times the entire city.
  • Higgins said the plant will take about a year and a half to build and will have "a tremendous impact
  • Yadkin River on 23 Dec 11
     
    clean tech
Yadkin River

Senator: Solar company on Miss. session agenda - The Dispatch - 0 views

www.cdispatch.com/...article.asp

CleanTech miss ColumbusCO

shared by Yadkin River on 23 Dec 11 - No Cached
  • open a manufacturing plant that would create 900 jobs.
  • Brown told the AP that the new jobs could pay $40,000 to $50,000 a year. He said he didn''t know what kind of incentives the state will offer.
  • The state issues bonds as long-term debt to finance big projects such as construction or repair of highways or public buildings, or to provide incentives to lure companies to Mississippi. After legislators authorize bond debt, bonds are issued by the state Bond Commission, made up of the governor, the state treasurer and the attorney general.
Yadkin River

Senator: Correnti made solar deal more attractive - The Dispatch - 0 views

www.cdispatch.com/...article.asp

CleanTech power

shared by Yadkin River on 23 Dec 11 - No Cached
  • Earlier in the month, Gov. Haley Barbour pushed forward with a $75.25 million incentive package to bring Calisolar, a solar silicon company, to the old section of the Industrial Park
  • The project, expected to begin this fall or early next year, promises to bring 951 jobs to the a
  • the work Lowndes County officials have put into the Industrial Park made it an attractive choice, namely the ready ability to provide the 170 MW of power the company will require each day.
  • ...2 more annotations...
  • that if the company fails, at least Lowndes County will own the building and equipment.
  • As part of the incentive agreement, Calisolar will receive a $59.5 million loan to construct the building and purchase equipment, with the county retaining ownership and leasing to them. The state is also providing $15.75 million for infrastructure and workforce training.
Yadkin River

Link leader elaborates on new solar-silicon company - The Dispatch - 0 views

www.cdispatch.com/...article.asp

CleanTech ColumbusCO Mississippi Joe Higgins

shared by Yadkin River on 23 Dec 11 - No Cached
  • Yadkin River on 23 Dec 11
     
    Look for this to be Clean-Tech as Well -- or more likely, at the beginning of next year, to build the 1 million-square-foot facility. It will be located east of Industrial Park Road, on 258 acres directly behind Mitchell Beer Distributing in the industrial park and will take a year-and-a-half to two years to build.
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