Inflation Reduction Act cited in decision by Swiss company to locate in Colorado Springs.
Meyer Burger, an industrial manufacturer of solar cells and solar modules headquartered in Switzerland, plans to begin production at a plant in Colorado Springs during the second half of 2024.
The company says it expects to create 350 new jobs at an average annual wage of $77,842, which the administration. of Gov. Jared Polis says will be 129.4% of the average annual wage in El Paso County.
In siting the plant in Colorado, Meyer Burger will use benefits from the federal Inflation Reduction Act.
The factory will have an initial production capacity of two gigawatts of solar cells per year to supply the company’s solar module production facility in Arizona.
The Polis administration cited the arrival of the new company as evidence of Colorado’s prominence in the energy transition.
“Colorado has made a bold commitment to 100% renewable by 2040, and cleantech companies are taking note,” said Eve Lieberman, executive director of the state’s Office of Economic Development and International Trade. “Meyer Burger joins a growing number of companies choosing our state for the collaborative cleantech ecosystem.”