Business

Solar energy firm to open Halifax plant

Posted June 17, 2016 11:10 a.m. EDT

— An India-based company plans to open a solar panel manufacturing plant in Halifax, creating 155 jobs in the next five years, officials said Friday.

SWELECT Energy Systems LLC will invest more than $4.7 million in the plant and an adjacent solar farm.

"Producing modules at the Halifax County facility allows us to help North Carolina meet its renewable energy goals and further support the U.S. market," R. Chellepan, SWELECT’s managing director, said in a statement.

SWELECT, the U.S. unit of SWELECT Energy Systems Ltd. in Mylapore, India, has installed more than 1,700 solar farms since its founding in 1983. Customers include major corporations seeking to adopt solar energy systems into their operations, officials said.

The average salary of the new jobs will be at least $30,419, plus benefits, officials said.

SWELECT has qualified for a grant of up to $600,000 from the One North Carolina Fund, which provides financial assistance to attract business projects to the state. Companies receive no upfront money and must meet job and investment targets to obtain the funds, which are matched by local governments.