Ford, GM line up Michigan tax credits for technology
MICHIGAN - Ford Motor Co. and General Motors Corp. are in line for tax incentives from Michigan aimed at helping them create electric vehicles and advanced batteries.
Ford has received a $55 million refundable tax credit to continue work in advanced battery and electric vehicle development. The incentive is expected to help Ford's recently announced strategy designed to bring four electric vehicles to market by 2012.
General Motors Corp. will get a tax credit worth $6.8 million if it gives final approval to a factory to make battery modules and packs for its Chevrolet Volt.
The tax incentives were announced from the Michigan Economic Development Corp.
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ABO to build 10MW Tunisian solar park
TUNISIA - ABO Wind has received a permit and a tariff for a 10MW photovoltaic project in Tunisia which it plans to build and commission in 2020.
The solar park, in the governorate of Gabes, is 400km south of the country’s capital Tunis.
The developer said it plans to build the project next year in close cooperation with local partners.
ABO Wind department head Nicolas Konig said: “The solar park will produce more than 18 million kilowatt hours of electricity per year and will feed it into the grid at a distance of 2500 metres.”
The developer will conclude an electricity supply contract with…
