Round Rio Rancho

We’ve been keeping an eye on the construction site for the new Green2V Solar factory, which was announced about 8 weeks ago.  A construction office trailer, storage container, and a generator have been sitting on the large, cleared site for many weeks. Construction was projected to begin “June 1, 2010 or soon after” on the 125,000 sq ft 1st phase of the project, which could eventually hire 1500 local employees. Rio Rancho administrators have been waiting for the company to produce funding before the city completes the $6.9 Million land purchase for the factory.

This week there was some activity at the site – the generator was on, running the A/C for the building. Later, telephone equipment was being installed in the trailer, so it appears that the construction management company (Reid and Associates, it appears) is moving ahead with preparations to start work soon. We’ll keep you informed as further developments occur.

This is just an update to a previous blog reporting on Green2V’s new manufacturing facility to be built in Rio Rancho, New Mexico.  Some people did not know where the plant would be located, so we have obtained a photo/map showing the exact location, courtesy of the Rio Rancho Economic Development Corporation.

New Mexico State and Rio Rancho City leaders announced today that Green2V will construct a one million sq foot manufacturing facility in the City of Vision. The company plans to break ground within the month on a 124 acre site to be acquired from the State Land Office.  As with all such transactions, the process is a little complicated – The City of Rio Rancho will buy the land from the State for $6.9 Million. Green2v will supply the land purchase money to the city.  Rio Rancho will speed the project through permitting and approval processes, and will be installing $7.2 Million worth of roads, sewers and other infrastructure.  Part of the facility’s contruction costs will be financed by $500 Million in Industrial Revenue Bonds issued by the city, to be paid off by Green2V over time.  Certain taxes on property and capital equipment will probably be waived for a period of time, as is common to entice a project of this size to locate here.

The construction will be done in phases over a 5 year period. The first phase will hopefully be completed in time to make and ship product by Summer, 2011.  Eventually the plant may employ 1500 workers.

Green2V’s CEO, Bill Sheppard was formerly a Vice President at Intel, and was partly responsible for much of the expansion of that plant in the early 2000’s. The company’s slogan –  “Sand to Kilowatts” refers to the fact that they intend to control all aspects of their product creation, from the raw materials to distribution and installation.