4/24/2014 9:57:13 AM
Times Union: New York state offers prime market for Japanese solar company seeking growth
Japanese solar panel maker Solar Frontier is looking to expand to New York state because domestic demand has reached its peak.
In addition, consumers in the state offer a ripe new market.
On Tuesday, the Cuomo administration said it was in discussions with the Tokyo-based company to possibly locate research and manufacturing operations in the state.
Although no deal has been reached, Solar Frontier could put a research lab at the SUNY College of Nanoscale Science and Engineering in Albany. A factory is possible for western New York.
It appears the lure of doing research at the NanoCollege isn't the only thing driving the decision. It's also the fact that New York state would become a huge potential market for the company virtually overnight.
"Solar Frontier has identified New York as a significant opportunity for future operations and growth," a Solar Frontier spokesman based in Tokyo told the Times Union. "It is home to highly skilled personnel and a gateway to a healthy (solar electric) market."