The factory is part of an incentive agreement with the state that includes a USD$75 million loan and other tax and training incentives. U.S.-based Stion says the first phase includes a 100 megawatt line planned for Hattiesburg, Mississippi, which will entail over USD$100 million of investment and 200 direct jobs in 2011 and 2012.
"Todays announcement that Stion is locating a thin film solar panel manufacturing facility in Hattiesburg is further proof that Mississippi is an ideal location for clean energy companies to locate and expand," comments Governor Haley Barbour. "I am pleased to welcome Stion to Mississippi, and I thank the company for creating so many high-quality jobs for Mississippis workers."
Chet Farris, Stions president and CEO adds: "Our expansion in Hattiesburg is an integral part of our capital-efficient scale-up plan. The cost and time-to-market advantage of building here will provide a significant competitive advantage."
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.