Ford Motor Company’s idled Wixom Assembly Plant will be redeveloped into one of the nation’s largest renewable energy manufacturing parks, Chairman Bill Ford said.
Ford announced that the automaker has reached an agreement in principle to sell Wixom Assembly Plant to Xtreme Power of Austin, Texas, and Clairvoyant Energy of Santa Barbara, California, which will manufacture energy storage systems and high-efficiency solar panels at the site.
The two clean-energy companies are planning to invest $725 million dollars into the project initially. Construction will begin next year and the energy park is expected to employ as many as 4,000 when it fully operational. In all, investment in the project is expected to reach $1.275 billion.
Bill Ford told reporters after the official announcement that he could not think of better use for the plant, which Ford initially opened more than 50 years ago to serve the booming post war markets.