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SolarXTRA ⟡ news digest
Mississippi Manufacturing
San Jose solar panel company Twin Creeks to build factory 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.
Suniva Selected for Loan Guarantee Program
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Suniva to Use Funds to Begin Construction, Creating More than 500 New Cleantech Jobs Suniva, Inc., a U.S. manufacturer of high-efficiency monocrystalline silicon solar cells and modules, today announced that the company has been selected for the U.S. Department of Energy Loan Guarantee Program under the DOE’s Innovative Energy Efficiency, Renewable Energy and Advanced Transmission and Distribution Technologies Solicitation. Upon the completion of the DOE’s due diligence and subject to the successful negotiation of the terms of a loan for approximately $141M, Suniva plans to start the construction of a new manufacturing plant in Saginaw County, Michigan. Building such a manufacturing plant could create approximately 500 direct jobs at Suniva, while creating an additional 2,000 indirect jobs for the Michigan economy according to the Michigan Economic Development Corporation. Suniva currently employs a diverse workforce—approximately a quarter of its employees are military veterans and many others were hired from shuttered automotive plants. “The DOE’s acceptance of Suniva into the Loan Guarantee Program is very timely and supports the shared vision of President Obama and Suniva in significantly increasing the level of exports over the next five years,” said John Baumstark, chairman and chief executive officer of Suniva. “The loan guarantee is essential to our efforts in building a second manufacturing plant in Michigan as quickly as possible, creating new cleantech jobs for Americans and supporting the economy by substantially increasing the number of solar cells and modules available for export.” The loan guarantee will enable Suniva to more than triple exports over the next five years. Last year, Suniva exported more than 90 percent of its products to Asia and Europe. “Suniva exemplifies the innovative force behind the development of America’s leading-edge green technology, and it exports to the global marketplace,” said Fred P. Hochberg, Ex-Im Bank’s chairman and president. “Suniva exports products, not jobs. America will lead in exports when its businesses deliver value and innovation, which will also drive job growth.”
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