Tax Credit Scoreboard for Colorado Cleantech Companies
Updated by Staff
The six Colorado companies tapped for federal tax credits range from large manufacturers to small businesses, and are among 183 nationwide to share in the $2.3 billion worth of tax credits that the government hopes will create green jobs and boost manufacturing.
The clean-tech companies will share in $75.2 million in advanced energy manufacturing funds that come from the Recovery Act via the U.S. Department of Energy. Governor Ritter, state renewable energy advocates and representatives of the companies praised the tax credits, which will be worth up to roughly a third of each planned project.
Critics say the tax credits being doled are another example of government “choosing winners and losers” in the clean energy sector, and provide an unfair advantage for the recipients. Cleantech advocates these companies are already manufacturing products and producing jobs, and the new tax credits will acclerate the process.
Here is a wrap-up of who gets exactly what:
→Vestas Blades America Inc. in Brighton, $30.2 million to build wind-turbine blades.
→Vestas Towers America Inc. in Pueblo, $21.6 million to build tubular wind towers to support wind turbines
→ Hexcel Corp. in Windsor, $8.1 million to establish a facility to make high-performance composites used in wind-turbine blades.
→ Abound Solar in Longmont, $12.6 million to expand its manufacturing of PV solar panels.
→ Advanced Energy Industries in Fort Collins, $1.2 million to establish a manufacturing plant for solar inverters.
→ Coolerado Corp. in Denver, $750,000 to build air-conditioning units using a specialized patented heat exchanger.
→ ReflecTech in Arvada, $750,000 to build “mirror facets” that reflect sunlight onto solar receivers.
Filed Under: ARCHIVES • Funding & Capital News
Tags: Abound Solar • Advanced Energy Industries • Coolerado Corp • Hexcel Corp • ReflecTech • Vestas Wind Systems




