The incentives package includes a State of North Carolina Job Development Investment Grant, and grants from the Golden LEAF Foundation, Vance County, the One North Carolina Fund, and the North Carolina Community College System, and totals about $7.88m.
Semprius will use the incentives package and venture funding to build the pilot high concentration photovoltaic module production plant in Henderson later this month.
The first phase of the pilot plant will be 50,000sqft and the company intends to expand within the next several years to 150,000sqft.
Semprius will invest an $89.7m in the pilot plant, which will draw $120m in investment to the region.
The pilot production plant is expected to be operational in August 2012 and will have an initial capacity of 5MW.
