Solar Tech Company to Locate Factory in Mississippi
April 10, 2010
A Silicon Valley solar technology company will build a $175 million solar panel manufacturing facility in Senatobia, Mississippi. Twin Creeks Technologies, a venture-backed company, will build the factory in two phases over the next five years, creating more than 500 jobs, Mississippi Governor Haley Barbour recently announced. It will be the first renewable solar production plant in the state, Barbour said.
The start-up firm, headquartered in San Jose, California, has engineering and manufacturing locations in Boston and San Jose and a portfolio of over 50 patents. The company's manufacturing processes are changing the economics of crystalline silicon photovoltaic technology. The new Senatobia facility will use the firm's proprietary technology to produce 100 megawatt (MW) of photovoltaic solar panels. The State of Mississippi provided loan assistance totaling $50 million through the Mississippi Major Economic Impact Authority for this project. In addition, the State and the City of Senatobia will provide $4 million for infrastructure improvements at the site. See the Mississippi Development Authority's press release.