Abound Solar has signed a long-term lease with the W.W. Reynolds Companies, a real estate development firm, which purchased the facility from the trust of contractors that has held the property since the 2009 bankruptcy of the former owner, Getrag Transmission Manufacturing.
Abound Solar plans to begin work on the site in 2012, making the necessary property improvements to facilitate the development of a solar module manufacturing plant with an annual capacity of 640MW per year and bringing over 1,000 full-time jobs to the area.
Abound Solar president and CEO Tom Tiller said that the company is excited to be expanding its solar module manufacturing footprint to Tipton, Indiana and appreciate the support of the local community and its leaders that have helped to make this happen.
