Solar battery maker stops $400M Colorado plant
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Dive Brief:
Solar battery maker Meyer Burger has actually shelved building and construction prepare for its $400 million plant in Colorado Springs, Colorado, mentioning monetary infeasibility, according to a press release.
The solar battery maker chose to lower the scale of its financial obligation funding strategies, connected to the Inflation Reduction Act, which will reduce the funds offered for building and reduce its medium-term success targets, according to the business.
High rate of interest and financial unpredictabilities are significantly resulting in hold-ups for significant building tasks throughout different sectors, consis...