Another Solar Company Goes Bust – Got $26 Million in State Loans

It’s an Obama world.
Another solar plant that got $26 million in loans went bust this week.
WLOX reported:

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.

The Mississippi Development Authority’s Kathy Gelston says officials are negotiating for Twin Creeks to repay aid above the value of the building and equipment.

The Director of Twin Creek Technologies donated $1,000 to Obama’s campaign this year.

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Jim Hoft is the founder and editor of The Gateway Pundit, one of the top conservative news outlets in America. Jim was awarded the Reed Irvine Accuracy in Media Award in 2013 and is the proud recipient of the Breitbart Award for Excellence in Online Journalism from the Americans for Prosperity Foundation in May 2016. In 2023, The Gateway Pundit received the Most Trusted Print Media Award at the American Liberty Awards.

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