Milam County, northeast of Austin, has agreed to provide economic incentives for a company planning to build an $850 million factory. T1 Energy, which makes parts for solar energy installations, secured the incentives, which will significantly reduce its property tax payments over the years in the agreement. The Austin Business Journal reports the company will receive 30 years of property tax abatements on a 113-acre parcel just north of Alcoa Lake in the 3,300-acre Advanced Manufacturing Logistix Campus.
In exchange, the company has promised to provide 1,800 jobs to the area.
The company plans to build a five-gigawatt solar cell manufacturing facility called G2 Austin. Construction is expected to start this year, production will start by the end of 2026, and hiring will ramp up by the end of 2027. The company is required to complete the facility by Dec. 31, 2028. The campus is part of the 33,000 acres formerly owned by Alcoa Corp., which was acquired by Dallas-based Xebec Holdings LLC in 2021 for its mixed-use super site.
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