April 06, 2010 | 0 Comments
Mississippi, United States [RenewableEnergyWorld.com] Twin Creeks Technologies, a venture-backed solar technology start-up, is set to build a solar panel manufacturing facility in Senatobia, Mississippi. The production facility will create 512 jobs, in two phases, over the next five years and represents a company investment of more than US $175 million.
The new Senatobia facility will use the company's proprietary technology to produce photovoltaic solar panels. The new facility will be 250,000 square feet, when complete.
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.
Twin Creeks was founded in 2008 and has engineering and manufacturing locations in Boston and San Jose, as well as a portfolio of over 50 patents. Twin Creeks said that its manufacturing processes can change the economics of crystalline silicon photovoltaic technology. The new Senatobia facility will use the company’s proprietary technology to produce photovoltaic solar panels. The new facility will be 250,000 square feet, when complete.
“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.”