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Convalt getting million$ through state s clean energy financing

Convalt getting million$ through state s clean energy financing
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Local businesses could benefit financially from renewable energy company s manufacturing plans | Business

WATERTOWN — The region’s economy would also get a boost from spin-off business generated by construction of a proposed solar panel manufacturing plant near the Watertown International Airport. Last week, the Jefferson County Industrial Development Agency announced that Convalt Energy, a New York City-based renewable energy company, plans to build a solar panel manufacturing facility in the agency’s proposed business park on Route 12F in the town of Hounsfield. DigiCollect, a related company, would also build a facility in the airport park. Hari Achutan, chief executive officer of Convalt Energy, said his company’s $834 million investment would provide opportunities for spin-off businesses.

JCIDA official says plans for solar projects at airport business park come at good time

WATERTOWN — With a solar energy industry booming in the state, W. Edward Walldroff thinks there couldn’t be a better time for a company to build a solar panel manufacturing plant in a proposed business park near Watertown International Airport. The Jefferson County Industrial Development Agency announced Tuesday that Convalt Energy, a New York City-based renewable energy company, plans to build a solar panel manufacturing facility in the agency’s proposed business park on Route 12F in the town of Hounsfield. Its sister company, DigiCollect, would also build a facility in the airport park. Mr. Walldroff, a member of the JCIDA board, believes Convalt can take advantage of the state’s growing solar energy industry if it moves forward with its projects.

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