Stion, which has devised a copper indium gallium selenide (CIGS) solarpanel and is working on a next generation panel, has announced it willbuild manufacturing facilities in Hattiesburg, Mississippi thanks inpart to $75 million in loans and other incentives from the state.
The first phase of the project will be a 100 megawatt production line,Stion’s first mass-manufacturing line, that will likely come on line in2012. Over the next five years, Stion expects to invest $500 million and create 1,000 jobs in the state.
Stion won’t be alone down south. The state–a traditional conservativebastion headed up by Republican governor Haley Barbour touted as 2012Presidential candidate–has been handing out money like a bunch ofDemocrats. In 2010, the state gave $44 million in loans and grants to Soladigm (electrochromic windows), $75 million to Kior (biofuels) and $54 million to Twin Creeks Technologies (newfangled solar.)
That’s $254 million for four companies producing green products. There are two possibilities here: