Twin Creeks, Kior, Stion.... the names roll off the tongue more easily after awhile as the list of failed alternative energy experiments grows longer. Jack Weatherly reported in the Mississippi Business Journal reported solar panel manufacturer Stion will probably not meet its goal of creating 1,000 jobs after receiving a $75 million loan from Mississippi:
The Stion Corp. is struggling to reach its agreed-on goal of creating 1,000 jobs turning out solar panels in Hattiesburg.
There are 110 jobs in Hattiesburg and a companywide total of 147 for the San Jose, Calif.-based company, Vice President for Business Development Frank Yang said this week.
However, that original goal, set in 2012 and given six years, may have changed. A spokesman for the Mississippi Development Authority said on Tuesday that there is an amended memorandum of understanding with Stion....
Stion was one of four alternative-energy project funded during the administration of former Gov. Haley Barbour. Among other projects launched primarily because of the support from Barbour, who served two, four-year terms ending in 2012, was Twin Creeks Technologies in Senatobia, in which the state invested $27.7 million but which never produced marketable solar panels and did did not come close to its commitment to create 1,500 jobs. It closed in late 2012.... Rest of article.
A 2011 Stion press release on its website states:
Stion, a manufacturer of high-efficiency thin-film solar panels, will build a new production facility in Mississippi as part of an incentive agreement with the state that includes a $75 million loan and other tax and training incentives. The project, which will be the first thin-film solar panel factory in Mississippi, will deliver more than 1,000 jobs and $500 million of investment over the next six years.
The first phase of the project includes a 100 MW line planned for Hattiesburg, Miss., which will entail more than $100 million of investment and 200 direct jobs in 2011 and 2012.
“Today’s 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,” Governor Haley Barbour said. “I am pleased to welcome Stion to Mississippi, and I thank the company for creating so many high-quality jobs for Mississippi’s workers.”
“Together, the state of Mississippi, Forrest County, and the city of Hattiesburg offer a business-friendly location with a strong resource base for manufacturing,” said Chet Farris, Stion’s President and CEO. “In partnering with them, we are pleased to help address this country’s energy needs with clean technology, and support the region’s and the nation’s economy.”
The MOU is posted below.