Stion to build thin film solar panel factory in Mississippi

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.

"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," 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 Mississippi’s workers."

Chet Farris, Stion’s 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."