Dow Chemical selects Michigan for solar shingles plant

04 February 2010 19:33  [Source: ICIS news]

TORONTO (ICIS news)--Dow Chemical has picked its home town of Midland, Michigan, as the preferred site for a plant to make its photovoltaic solar shingles, but it remained unclear on Thursday how much the company would eventually invest in the facility and when exactly production would start up.

In a statement issued late on Wednesday, Dow said Michigan was considering up to $140m (€101m) in incentives for the plant which would help create over 1,200 jobs by 2014.

However, the project was still subject to finalising by local, state and federal funding, the company said. Dow media officials were not immediately available for additional comment.

The plant would make photovoltaic solar panels in the form of solar shingles that could be integrated into rooftops with standard asphalt shingle materials, Dow said.

In October, Dow officials told ICIS news that the sales potential for the new solar shingles was around $5bn by 2015 and $10bn-11bn by 2020.

($1 = €0.72)

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By: Stefan Baumgarten
+1 713 525 2653



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