Arizona Lands Fifth Solar Firm Under New, Aggressive Incentive Program
On the heels of its new ranking as the nation’s leader in renewable energy, Arizona has landed another solar energy company, this one a major supplier to Spanish solar generator Abengoa. Rioglass Solar today announced it will open its headquarters and North American solar manufacturing facility in Surprise, Arizona, making it the fifth solar company to set up operations in the Greater Phoenix area under the state’s new Renewable Energy Tax Incentive Program.
The Spanish glass manufacturer is the third major international solar company to call Greater Phoenix home since Arizona's Renewable Energy Tax Incentive Program went into effect in January. China-based Suntech and Canadian company Linamar are also setting up their solar operations in Arizona.
“Arizona is a tough competitor in the renewable energy space,” said Barry Broome, president and CEO of the Greater Phoenix Economic Council (GPEC), which created the economic analysis that influenced the legislation. “The new incentive legislation has caused companies to zero in on Arizona. And what do they see? They see a strong operating climate, talented workforce, year round sunshine and new industry that’s thriving.”
This month, Arizona was ranked the No. 1 leader in Alternative Energy by Business Facilities Magazine, a leading economic-development publication. Broome points out that before the state passed the Renewable Energy Incentive Program, Arizona didn’t make the list for renewable expansion projects. Now, not only is it on the short list, but it is beating out states that had consistently outshined Arizona with big incentive packages.
Rioglass Solar will bring $100 million in capital investment to Greater Phoenix. Broome said Arizona can expect to see more renewable energy announcements in the coming weeks and months.