Solar Company Expects Triple Revenues For 2010
American Capital Energy Inc., a solar project developer, says that it expects revenues for 2010 to triple from last year. Tom Hunton, CEO of the company based in North Chlemsford, Mass., said the company anticipates that it will earn $200 million in 2010 and has plans to increase hiring in the upcoming months. Mass High Tech reports that the company only has 20 employees on the current payroll.
Hunton also stated that ACE is in talks with the Massachusetts government to build solar systems on former industrial sites that are polluted with chemicals. These brownfield properties can’t be made habitable without going through extensive remediation. But, these polluted properties are ideal locations for solar arrays.
In the western part of Massachusetts, some of these sites have already been used to erect solar facilities. In the coming years, the pace of developing solar facilities is likely to increase in the state. In fact, the state hopes to increase the production of solar energy from 10 megawatts today, to 250 megawatts by 2017.