Mississippi Manufacturing
Twin Creeks Technologies will locate a solar panel manufacturing facility in Senatobia in north Mississippi.
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 Governor Haley Barbour made the announced Friday during a ceremony in Senatobia.
"Twin Creeks Technologies is thrilled to announce our first 100-megawatt production facility in Senatobia, Mississippi," said Siva Sivaram, chairman and chief executive officer of Twin Creeks. "The State of Mississippi and the Governor's office have been extremely helpful in driving the agreement to closure in record time. We look forward to rapidly breaking ground on our first manufacturing site, becoming an active member of the local community and ramping to full production very quickly."
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 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.
