Sixth Company Opens Manufacturing in Arizona under Renewable Energy Tax Incentive Program

Power-One to Manufacture inverters in Arizona under aggressive incentive plan

California-based Power-One, the world’s second-largest manufacturer of power inverters for the renewable energy industry, will open its first North American manufacturing facility in Phoenix. This marks the sixth such company to move to Greater Phoenix since January, drawn by the state’s landmark Renewable Energy Tax Incentive Program.

Power-One manufactures a wide range of inverters for residential, commercial and utility-grade solar and wind markets. Power-One’s Phoenix facility will produce its industry-leading photovoltaic and wind inverters, including single phase string inverters (2-6KW), three phase string inverters, and NEMA 3R 250KW, 300KW and 400KW central inverters. In the future for wind applications, the product range will include 2.5 MW inverters. Production at the Phoenix facility will commence in October 2010 and will reach a capacity of 1gigawatt by mid 2011.

Power-One is the 12th California-based company to establish an operation in Greater Phoenix in the last two years. The 120,000-square-foot facility will employ more than 350 workers to support the company’s strong growth in the inverter market.

“Power-One brings the quality jobs I am committed to attracting for Arizonans,” said Governor Jan Brewer. “Arizona has a dynamic mix of resources, human capital and knowledge assets to optimize any company’s performance. Power-One is one more significant milestone along Arizona’s path toward strengthening our market position in the global solar industry.”

“Power-One's decision to open this facility in the Valley of the Sun is not only great for the economy, it also brings us a step closer to turning Phoenix into a solar city,” said Mayor Phil Gordon. "This move creates 350 new high-wage jobs, fills vacant industrial space and places a top solar company in our city, where we're working hard to harness this renewable energy and technology for a greener Phoenix."

Power-One’s move comes on the heels of Business Facilities magazine’s recent ranking of Arizona as the country’s Renewable Energy Leader, a validation of Greater Phoenix Economic Council (GPEC)’s aggressive approach to building the state’s renewable energy industry.