Array technologies will officially break ground today on the previously announced $50 million manufacturing campus in Bernalillo County, New Mexico. U.S. Secretary of Energy Jennifer Granholm and U.S. Senators Martin Heinrich and Ben Ray Luján will join Array’s groundbreaking meeting.
“Array’s new manufacturing facility will create good-paying jobs in New Mexico, strengthen the domestic solar supply chain and ultimately help us achieve greater American energy independence,” said Kevin G. Hostetler, CEO of Array Technologies. “This is a perfect example of government agencies working together at all levels to advance pro-growth policies that create American jobs and support local businesses. With federal action like the Inflation Reduction Act and the support of state and local officials, Array is proud to be at the forefront of the solar energy boom.”
Array, one of the few publicly traded companies in New Mexico, produces utility-scale solar tracking technology. The company was founded in Albuquerque 30 years ago and will now continue to expand its operations in the area.
“New Mexico Democrats have created an American industrial renaissance through landmark legislation like the Inflation Reduction Act. Array Technologies’ newest manufacturing facility is the latest evidence of that: creating new careers that New Mexicans can build their families around, producing new technologies that will lower costs for working families, and further cementing our state as the center of the clean energy future of the country. said US Senator Martin Heinrich (DN.M.)
The Inflation Reduction Act’s Manufacturing Tax Credit made this investment possible, which will bring new manufacturing careers to the community. The new 216,000 feet2 campus, located on the west side of Albuquerque, will soon employ more than 300 residents to facilitate the production, assembly, design, engineering and customer service of solar tracking technology.
In addition to the Inflation Reduction Act tax credits, Array’s expansion is also made possible in part by $2.5 million in economic assistance from the state’s Local Economic Development Act (LEDA) Job Creation Fund. Additional support from the City of Albuquerque and Bernalillo County includes $250,000 each from LEDA funds and a partial property tax abatement through an Industrial Revenue Bond. In addition to capital investments and job creation, the expansion project is expected to have an economic impact of more than $300 million over ten years.