California company bringing solar panel plant

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Published: April 2,2010

Tags: energy, manufacturing, solar energy

SENATOBIA — Twin Creeks Technologies, a venture-backed solar technology company, is locating a solar panel manufacturing facility in Senatobia. The production facility will create 512 jobs, in two phases, over the next five years and represents a company investment of more than $175 million.

Gov. Haley Barbour said, “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.”

Twin Creeks was founded in 2008. Headquartered in San Jose, Calif., the company today has engineering and manufacturing locations in Boston and San Jose and a portfolio of more than 50 patents.

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.

Siva Sivaram, chairman and CEO of Twin Creeks, said, “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 was the first major economic development project to utilize Mississippi’s new clean energy incentives program.

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5 Responses to “California company bringing solar panel plant”

  1. Twitter Trackbacks for Mississippi Business Journal » Blog Archive » California company bringing solar panel plant [msbusiness.com] on Topsy.com Says:

    [...] Mississippi Business Journal » Blog Archive » California company bringing solar panel plant msbusiness.com/blog/2010/04/california-company-bringing-solar-panel-plant – view page – cached SENATOBIA — Twin Creeks Technologies, a venture-backed solar technology company, is locating a solar panel manufacturing facility in Senatobia. The production facility will create 512 jobs, in two phases, over the next five years and represents a company investment of more than $175 million. Filter tweets [...]

  2. Thomas Lynch, Senatobia, MS Says:

    One of the primary reasons that a company based in California is willing to locate a major manufacturing facility in Mississippi, is the fact that our state leadership have been stalwarts in controlling costs and reigning in budgets. Our situation is far more stable and optimistic than virtually any other state in the region and we need to recognize that Governor Barbour and his legislative leadership are primarily responsible for our ability to attract this sort of investment in our local and state economy. They are to be commended!

  3. bill cooley Says:

    This is a quantum leap for our state into the solar industry. Hopefully, we can use ithis event as the impetus to move us to become the solar center of the south. Will there be a conference to discuss demand for suppliers and new businesses?

  4. Ronald White Says:

    Hopefully our legislators will get on board with some alternative energy legislation. The last time I checked there were absolutely no state incentives or rebates to offset the high cost of installing photovoltaic systems. Without these, the cost and chance of off setting the cost of such a large investment is prohibitive. If you check, you’ll see that compared to the other states our legislative interest in bringing any alternative energy solutions is almost none existent. A large portion of our state has power co-ops that are dead set against solar alternatives. After all, they are merely “power resellers”. To promote or embrace alternatives would cut into their revenue stream. This is ironic, because most of them claim to be non profit co-ops owned by their members. Technically, they are not supposed to be making a “profit” but finding the most affordable ways to provide services to their member/owners. I can’t remember any of them ever asking their members what THEY would like! Even if we manage to convince our legislators to pass incentives to help offset costs, Net Metering would have to be allowed in order to let people producing electricity sell it back to the grid or power company. If enough “grid tied” systems were operating in the state, the electricity generated and sold back to the grid would help reduce demand. Then maybe the co- ops could embrace this technology and quit saying that all they can do is pass higher costs on to their members.

  5. Prentis Goodwin Says:

    $50 million through the Mississippi Major Economic Impact Authority for this project.
    and another $4 million for infrastructure improvements at the site.
    looks like it went through in a snap” to bad we Mississippians can’t even dream about a SBA loan
    for our small business.

    Like they used to say in school
    “if I can’t carry all the marbles home my big brother can fit em in his pockets.

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