On August 26, 2009
Renewable Energy Firms May Buy Old Ford Plant
Green energy advocates have been saying it all along: If the industry gets a chance, it will recreate the manufacturing base in America. So far, that thesis has been hard to prove. They need a really clear example — an example like two renewable energy companies buying Ford’s shuttered Wixom plant in Michigan and refilling it with workers, as just reported in the Detroit Free Press. Purchasing and repurposing the plant would cost $725 million to start, which is a rather hefty price tag for any renewable energy company, most of which still haven’t grown past being small- and mid-sized companies. But my first worry on reading the story, that the plan would turn out to be a pipe dream,…
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