Maxeon Solar Technologies Selects Albuquerque, New Mexico As Site For New 3-Gigawatt Solar Cell And Panel Manufacturing Facility
Portfolio Pulse from Happy Mohamed
Maxeon Solar Technologies (NASDAQ:MAXN) has chosen Albuquerque, New Mexico, as the location for its first U.S. manufacturing expansion. The new 3-gigawatt facility will produce latest-generation TOPCon PV-silicon cell technology and the Company's proprietary shingled-cell Performance Line solar modules. The total investment of the project is expected to be over $1 billion. Maxeon expects to begin construction in the first quarter of 2024, with factory ramp-up to commence in 2025. The company is also considering increasing the scale of its U.S. manufacturing operation by approximately 50% to a capacity of 4.5 GW.
August 10, 2023 | 8:05 pm
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Maxeon Solar Technologies is expanding its manufacturing operations to the U.S. with a new 3-gigawatt facility in Albuquerque, New Mexico. The company is also considering increasing the scale of its U.S. manufacturing operation by approximately 50%.
The news of Maxeon's expansion into the U.S. with a new manufacturing facility is a positive development for the company. This could potentially increase the company's production capacity and market share in the U.S., which could lead to increased revenues and profitability in the future. The potential increase in the scale of its U.S. manufacturing operation by approximately 50% could further enhance the company's growth prospects.
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