TIPTON, IN-Abound Solar, a maker of photovoltaic solar modules,has leased a 781,750-square-foot industrial facility here. Thecompany will spend about $300 million to create a new manufacturingplant for the modules, and plans to bring more than 1,000 full-timejobs to the 106-acre site.

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A trust of contractors has held the building since thebankruptcy last year of its former owner, Getrag TransmissionManufacturing LLC. Patrick Lindley with Cassidy Turley representedthe trust in the sale of the property. The property was neveroccupied, Lindley said.

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A Boulder, CO-based real estate firm, WW Reynolds Cos., haspurchased the property. The company also owns Abound’s facility inLongmont, CO.

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Abound closed recently on a $400 million, seven-year loan withthe Department of Energy to increase production of solar cells. Thecompany is using the loan, as well as a $110 million frominvestors, to upgrade and expand the Longmont plant and to outfitthe new plant here. The private investors include Invus Group,Bohemian Cos., DCM, Technology Partners, BP Alternative EnergyVentures and West Hill Cos.

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When both plants are complete, the company said it will be ableto produce more than 840 megawatts of solar modules annually, withmost going to overseas customers. Company executives said the newplants will allow them to make solar energy a cheaper commodity.“Abound Solar’s strong partnership with a growing list of industryleading customers gives us the confidence to make these largeinvestments to meet the strong demand for our product,” said TomTiller, president and CEO of the firm.

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The company will begin retrofitting this local facility in 2012,and will be complete by 2014. The company was built in partnershipwith Colorado State University and support from the NationalRenewable Energy Laboratory.

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