Another one bites the dust

Just 18 months after opening, another solar company has closed, taking with it another $26 million in taxpayer dollars…

Twin Creeks Technologies goes under, owes Mississippi $26 million

In Nov. of 2011 the Mississippi Business Journal reported Twin Creeks Technologies’ new 88,000- square-foot factory, funded with $26 million in state dollars, sat in Senatobia with very little going on…. At Twin Creeks’ grand opening in May of 2011, Gov. Haley Barbour said he was “delighted to celebrate the start of production” at the factory…

Now, Mississippi taxpayers may have only an empty Senatobia building and some solar panel equipment to show for nearly $26 million in loans provided to Twin Creeks Technologies. The California-based solar technology firm is liquidating, and a company that bought Twin Creeks’ assets does not intend to take over its agreement with Mississippi. The contract called for Twin Creeks to invest at least $132 million and create at least 500 jobs….

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