A former semiconductor plant in Colorado Springs stood vacant for 16 years — until a Swiss solar company announced in July that the nation’s most ambitious carbon reduction law was key in its decision to sign a lease for the site.
Billions of dollars in federal tax credits in the Inflation Reduction Act, or IRA, prompted Meyer Burger Technology AG and several other foreign manufacturing giants to bring about 3,500 high-wage clean energy jobs to Colorado since its enactment a year ago. To receive the incentives, such operators must make equipment primarily in America.
