en.Wedoany.com Reported - Convalt Energy is advancing a new solar manufacturing project in the U.S. state of New Mexico. The company has signed a binding purchase and sales agreement with Gallup Land Partners to build an "advanced manufacturing campus" in Gallup for the production of solar cells, solar modules, and solar glass.
Previously, Convalt Energy announced in 2021 the launch of a solar factory in Watertown, New York, for which the company purchased manufacturing equipment from the former SolarWorld factory. However, that project only progressed to the land acquisition stage, and the company is currently repaying a $1.05 million loan provided by the local government. Founded in 2011, Convalt Energy initially operated as a solar developer in Southeast Asia and Africa before expanding its business outside the United States. Earlier this month, the company signed an agreement with the government of Lesotho in southern Africa to develop 4.6 gigawatts of solar projects.
Under the new agreement, Convalt Energy commits to providing up to 1 gigawatt of behind-the-meter generation capacity at its New Mexico manufacturing campus. Convalt Energy CEO Hari "Harry" Achuthan stated that this partnership will strengthen the company's ability to leverage Gallup Land Partners' deep local roots and welcomes the latter as a shareholder in Convalt.
The company expects construction to continue through 2028, creating approximately 900 permanent jobs and over 1,000 construction jobs. Convalt said total investment across all development phases is estimated at up to $5 billion.
According to Convalt Energy's website, the New Mexico site will be a 3.6-gigawatt heterojunction (HJT) cell and module manufacturing facility, noting that the company currently employs former Meyer Burger professionals. The site spans 2.5 million square feet.
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