Green can mean much more than just environment
Legislature approves nearly $234M in green energy loans
Published: December 25,2011
This year the Mississippi Legislature approved loans for three green energy manufacturing companies recruited to the state by Gov. Haley Barbour.
In January the state Legislature approved a $75 million loan for Stion, a startup manufacturing company that will make thin-film solar panels in Hattiesburg. The company promises to investment $500 million and bring 1,000 jobs to Mississippi. Stion has already hired 100 local people and spent more than $40 million of its state funds.
In September the Legislature approved a $59.5 million loan to Calisolar, which will make solar silicon in Columbus and promises more than 900 jobs and an investment of $600 million. Lowndes County is assisting the company with $14 million in infrastructure improvements.
Also in September the Legislature approved a $100 million loan for HCL Cleantech, which should convert biomass to sugars for industrial products. The company has promised to invest $1 billion and create 800 jobs in Mississippi. It plans to operate in Olive Branch, Grenada, Booneville, Hattiesburg and Natchez.
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