GRI Renewable Industries invests $48 in wind energy plant propos - KFDA - NewsChannel 10 / Amarillo News, Weather, Sports

GRI Renewable Industries invests $48 in wind energy plant proposal

Amarillo, TX - Over three hundred jobs may be on their way to Amarillo. 

GRI Renewable Industries has proposed to invest $48 million in a wind energy plant in Amarillo. The company is the industrial wind division of Spanish-based Gonvarri Steel Industries.

A grant offer from the Texas Enterprise Fund (TEP) for $1.85 million has been extended to GRI. 

The Amarillo Economic Development Corporation (EDC) has partnered with the Office of the Governor to provide state and local support for the facility and Amarillo's selection comes ahead of location in Texas, Kansas, Oklahoma, and New Mexico. 

"Bringing that company to this community is important because of the jobs, direct and indirect jobs and induced jobs that will occur as a result of it," Richard (Buzz) David, CEcD, President and CEO of the Amarillo EDC says. "New payroll brings a lot of new opportunities for buying goods and services locally and we think that's all very important for our growth in this economy."

The investment is secured by the Amarillo EDC and the proposal plan will be submitted to city council on June 30. 

Construction will begin in Amarillo this year and be fully functional by 2016 pending approval. 

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