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It's official. Negotiations are reportedly complete and Ford's abandoned plant in Wixom, Michigan, is getting a new lease on life. The factory originally opened way back in 1957 during the glory years of the American automotive industry and it encompasses a massive 320 acres (4.7 million square-feet). By the fall of 2011, the Wixom plant won't really have much to do with cars, becoming instead the largest renewable energy park in the United States.

A former Ford plant in Wixom, Michigan may get another lease on life now that a Senate committee has paved the way forward with a series of tax credits to two alternative energy companies interested in utilizing the factory space. The plant has been closed since 2007. Clairvoyant Energy of Santa Barbara, California wants to relocate its headquarters and produce solar panels in Wixom, while Xtreme Power of Austin, Texas plans to build large-scale batteries to store power for the electric grid and