Stion to build CIGSSe thin-film solar module production facility in Mississippi

Facebook
Twitter
LinkedIn
Reddit
Email

CIGSSe photovoltaic module manufacturer Stion said it will build a new production facility in Mississippi as part of an incentive agreement with the state that includes a $75 million loan and other tax and training incentives. The project, which will be the first thin-film solar panel factory in Mississippi, will deliver more than 1000 jobs and $500 million of investment over the next six years.

The first phase of the project features a 100MW line planned for Hattiesburg, which will include more than $100 million of investment and 200 direct jobs in 2011 and 2012, according to Stion.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

“Together, the state of Mississippi, Forrest County, and the city of Hattiesburg offer a business-friendly location with a strong resource base for manufacturing,” said Chet Farris, president and CEO of Stion. “In partnering with them, we are pleased to help address this country’s energy needs with clean technology, and support the region’s and the nation’s economy.”

“Our expansion in Hattiesburg is an integral part of our capital-efficient scale-up plan,” he added. “The cost and time-to-market advantage of building here will provide a significant competitive advantage.”

In June 2010, Stion closed a $70M Series D financing to help scale production, which included a partnership with leading semiconductor foundry, TSMC. The company's initial manufacturing and R&D facilities are located at its headquarters in San Jose.

The company's current product line features monolithically integrated, 65cm x 165cm glass-glass, copper-indium-gallium-sulfide-(di)selenide modules, with 11%+ conversion efficiencies and power ratings of 110-120W.

Stion is not the first solar manufacturer to announce its intentions to site a factory in Mississippi. Crystalline-silicon module company Twin Creeks Technologies said in April 2010 that it planned to build a PV panel-making facility in Senatobia, MS.

For more on Stion's decision to build its factory in Mississippi, see the Chip Shots blog elsewhere on PV-Tech.

 

Read Next

Premium
November 14, 2024
China could challenge Borosil Renewables, the sole manufacturer representing an entire industry, says Hariharan & Hariharan partner.
November 14, 2024
OneEnergy has signed an asset transfer agreement with three Wisconsin companies that will see the developer build a 165MW solar portfolio.
November 14, 2024
Indian developer Tata Power Renewable Energy has commissioned a 126MW floating solar (FPV) plant in the central state of Madhya Pradesh, India.
November 14, 2024
China’s CHN Energy has grid connected the Mengxi Blue Ocean PV Power Plant Project, at 3GW the country’s largest single-site PV power plant.
November 14, 2024
The sixth PPE2 tender for ground-mounted solar ended up slightly oversubscribed as the French government tendered for 925MW of PV capacity.
November 14, 2024
In its Q1-3 2024 financial results, SMA Solar said it will cut up to 1,100 jobs and reduce costs by between €150 and €200 million by the end of 2025.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
November 19, 2024
Philadelphia, USA
Solar Media Events
November 20, 2024
Zhuhai, China
Solar Media Events
November 21, 2024
London, UK
Solar Media Events
November 26, 2024
Málaga, Spain
Solar Media Events
November 26, 2024
Warsaw, Poland