in News Departments > New & Noteworthy
print the content item

After receiving loans and other aid from the state of Mississippi, solar startup Twin Creeks Technologies is expected to vacate the state. The company's assets, including a proprietary ion implanter technology, were acquired by GT Advanced Technologies earlier this month.

The AP reports that GT will not maintain a presence for Twin Creeks in Senatobia, Miss., where the company had built a factory thanks to loans, tax breaks and other assistance from the state.

Now, state officials have sued Twin Creeks for money that the government says is owed by Twin Creeks. Funds included a $15 million loan for construction of the companys facility, $8.2 million for factory equipment and $3.5 million for site and infrastructure improvements, as well as property taxes, according to the AP. The company's first loan payment to its host city is due Dec. 31.

GT is expected to begin commercialization of Twin Creeks' ion implanter technology in late 2014.



Hybrid Energy Innovations 2015

Surrette_id1409
Latest Top Stories

Solar Helps Sunrise Powerlink Reach 1 GW Transmission Milestone

The $1.9 billion transmission infrastructure project is key to the success of the solar and wind power projects in California's Imperial Valley.


New York Raises Solar Net-Metering Caps As Part Of An Energy Initiative

Gov. Andrew Cuomo announced five significant steps to help improve New York's grid, develop more localized access to energy and encourage new business models.


Co-op Solar Procurement: Exciting Opportunity Or Grounds For Turf War?

Despite promising growth in the utility sector, further procurement of solar on utility co-op systems could be stalled.


Colorado PUC Rejects Xcel Energy's Solar*Connect Subscription Program

Citing a lack of demand and concerns over pricing, Colorado regulators wasted little time in dismissing the utility's community solar proposal.


NextEra To Purchase Majority Stake In Hawaiian Electric In $4.3 Billion Deal

If approved by shareholders and regulators, the merger of NextEra and Hawaiian Electric Industries will produce one of North America's largest renewable energy companies.

Hybrid Energy Innovations 2015
Maynards_id1471