Maxeon Plants Solar Future in Mexico
Jun 28, 2023 01:08 PM ET
- Maxeon Solar Technologies' $70 million investment in a Mexicali solar panel manufacturing plant has increased annual production capacity to 1.8 GW, with plans for a US manufacturing hub in the works. Discover the details of this tariff-free supply for the US market.
Maxeon Solar Technologies recently held an official ribbon cutting for its expanded solar panel manufacturing plant in Mexicali, Baja California, Mexico. The $70 million investment has increased its annual production capacity to 1.8 GW, with an additional 700 MW capacity coming from its Ensenada plant. The purpose of the expansion is to provide a tariff-free solar panel supply for the US market. Maxeon also plans to launch a significant manufacturing hub in the US, but nothing has been officially announced yet.
What is Maxeon's US Manufacturing Plan?
- The US manufacturing hub will be located in Hillsboro, Oregon, where Maxeon Solar Technologies has already acquired land and started hiring for the project
- Maxeon's US manufacturing plan is to produce 1GW of PV modules annually by mid-2022
- The US manufacturing facility will provide modules for US-based customers as well as other global markets
- Maxeon will also invest in automation and other technologies to ensure that the US production facility is highly efficient and cost-effective
- Maxeon’s US manufacturing plan also includes creating a comprehensive supplier ecosystem in the US to ensure that its solar modules are manufactured with quality materials
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