Amarillo Globe News: GRI Pledges $41M to Build Amarillo Wind Energy Parts Plant

July 24, 2015

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The Spanish company hoping to build its first U.S. wind energy parts manufacturing plant in Amarillo operates 10 such factories in six countries around the world.

GRI Renewable Industries has pledged to invest $41 million to build an Amarillo plant that would employ at least 300 people and make about 400 wind towers a year.

Formed in 2008, GRI will use the “experience and know-how” gained from its plants in Spain, Brazil, China, Turkey, India and South America to launch the new factory here, spokesman Juan Llovet said.

The subsidiary of multinational conglomerate Corporacion Gestamp expects to be turning out wind towers in Amarillo by late 2016, its information said.

“They’re talking a $13 million (annual) payroll,” Amarillo Economic Development Corp. Board Chairman John Kritser said. “It just doesn’t get any better than that.”

In return, GRI has asked for economic development incentives from the state of Texas and Amarillo Economic Development Corp. and property tax abatements from the city of Amarillo, Potter County, Amarillo College and Panhandle Groundwater Conservation District.

AEDC and the state are on board for $5.5 million and $1.85 million respectively, although the local economic development incentives package is yet to be approved by the Amarillo City Council.

AEDC’s offer includes $3.3 million in job incentives — $10,000 per job created — plus a $1.9 million, 48-acre site at CenterPort Business Park.

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