Once refurbished, the plant will be the largest such facility in the U.S.
The company finalized the lease after closing on a $400 million loan guarantee from the U.S. Department of Energy and a $110 million equity investment, both announced previously.
The Associated Press reported last summer that Abound said it wouldn’t start hiring workers for its Indiana factory until it ramped up production at its Colorado facility.A company spokesman said last month that Abound employs about 350 people at its manufacturing plant east of Longmont and plans to triple the size of that facility in the next few years.
The plant, on the Interstate 25 Frontage Road with a Longmont mailing address, last month leased 37,000 square feet at 2950 Colorful Ave. in Longmont. It will assemble equipment for its solar modules at that location, with up to 10 employees.
The Indiana facility recently was bought by an investment group led by Boulder-based W.W. Reynolds Cos.
The company’s administrative office is in Centerra in east Loveland, and it also has a research and development lab in Fort Collins.
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