An environmental resource for East Tennessee Businesses

Buyout cancels planned solar project in Clinton, Tenn.

Confluence Solar's plans to build a $200 million solar plant in Clinton, Tenn. have been sidelined after the company's buyout by GT Advanced Technologies, a New Hampshire-based solar technology firm.

GT Advanced Technologies purchased Confluence for its technological expertise and not its manufacturing plans, reports Bob Fowler in the Knoxville News Sentinel. Instead of a production plant, the company now plans to develop a research testing facility near Confluence headquarters in Missouri.

Confluence Solar's plans in Clinton, announced last year, included a 200,000-square-foot plant and the possibility of 250 jobs at the Clinton Interstate 75 industrial park. Now, city officials say the proposed site will be put back on the market.

Enhanced by Zemanta

About this Archive

This page is an archive of entries from November 2016 listed from newest to oldest.

October 2016 is the previous archive.

Find recent content on the main index or look in the archives to find all content.