Twin Creeks Technologies is constructing a solar panel manufacturing facility in Senatobia, Miss. The 250,000 square foot production facility, which will use the company’s proprietary technology to produce crystalline-silicon photovoltaic modules, represents a company investment of more than US$175 million.
“I am delighted Twin Creeks Technologies selected Senatobia, Mississippi, for its new solar panel production facility,” said Gov. Haley Barbour. “This facility will be the first renewable solar technology production plant in the state, and I commend this innovative start-up company for its commitment to doing business in the state and for creating over 500 jobs for the residents of Mississippi.”
The state of Mississippi provided US$50 million loan assistance for the facility through the Mississippi Major Economic Impact Authority for this project. The state and the city of Senatobia will also provide US$4 million for infrastructure improvements at the site.
“Twin Creeks has received substantial support from some of the most respected high-tech investors in the world. This group has been instrumental in launching a number of highly successful Silicon Valley ventures,” said Gray Swoope, executive director of the Mississippi Development Authority. “In looking for the right site and the highly-skilled workforce needed to produce these state-of-the-art solar panels, Twin Creeks considered locations around the globe for its new production facility and found what it was looking for here in Mississippi.”
“Twin Creeks was the first major economic development project to utilize Mississippi’s new clean energy incentives program, which will open the door for new job opportunities in the clean energy sector for all Mississippians,” Swoope said.