Wind turbine maker puts LR plans on hold
This article was published December 16, 2009 at 12:35 p.m.
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A wind turbine manufacturer with plans to employ 600 people at a factory near Little Rock says its plans are on hold.
Frank Epps, president of the U.S. subsidiary of Dutch firm Emergya Wind Technologies, told Arkansas Business that availability of short-term credit is behind the delay.
Epps told the newspaper that the company has put the Polymarin plant “on ice” but has not decided to cancel its central Arkansas plans.
When the plant was announced, Polymarin said it would spend $16 million to fit a former Levi Strauss plant south of Little Rock and that the site would eventually have 600 workers.
The company is one of several wind energy firms that have either built or announced factory plans in Arkansas.
Comments on: Wind turbine maker puts LR plans on hold
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cybertecinc_yahoo_com says... December 16, 2009 at 4:09 p.m.
Little Rock Chamber should be proactive in helping this company secure suitable short-term credit. It sounds as if there are competitors having sway on credit approvals.
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LevitiCuss says... December 17, 2009 at 9:21 a.m.
Despite ads in the ArDemGaz asserting that alternative energy is BAD for Arkansas, and that coal is clean and the gas company is our friend (while invoking eminent domain to run their pipes across your land), we need this industry and the jobs it will provide. It would be nice to get some of that film gravy that Louisiana has been sopping up as well- 114 movies filmed in LA this year, and they don't pollute your air OR your groundwater.
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HawgJockey says... December 17, 2009 at 4:19 p.m.
Hard to believe that the wind folks couldn't make a go of it. We need more tax dollars spent on green energy. Green like money! Folks, if and when this stuff is economically viable, the market will see to it we can buy the stuff. Burning tax dollars won't work and the snake oil scoundrels will continue taking the tax dollars and running. I guess we'll all go back to a horse and buggy and worry about the plague. But at least it will be green!
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Klokkenluider says... December 19, 2009 at 6:18 p.m.
People, people, open your eyes.
EWT had a Dutch subsidiary. That went bankrupt in June already.
And now EWT desperately needs 20 million euros to contintue being able to operate. EWT HAS NO money.
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