ALBANY, N.Y. - A state oversight board controlled by the New York Legislature and
Democratic Gov. Andrew Cuomo is set to authorize spending another $485
million to complete a solar panel production plant, the centerpiece of
Cuomo's "Buffalo Billion" economic development program.
The Public Authority Control Board vote scheduled for Wednesday comes amid questions about the future of solar business after a major player last month filed for bankruptcy court protection and a lack of details about how the money will be spent.
The $750 million SolarCity plant being built with public funds is nearing completion and the money being considered by the board is believed to be the balance of the state's commitment to not only build the million-square-foot factory, but fit it out with manufacturing and other equipment.
But Fort Schuyler Management Corp., a not-for-profit arm of the State University of New York, has not responded to inquiries from The Associated Press about specifics of how money is being budgeted, what equipment is being purchased and who the vendors are. Asia and Europe, where most of the world's solar modules are produced, are also primary sources of manufacturing equipment.
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Source: Ledger-Enquirer
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