Maxeon To Build US Solar Factory: 3-GW Impact
- Maxeon Solar Technologies plans to build a 3-GW solar cell and panel factory in Albuquerque, NM, creating 1,800 jobs and increasing the company's total North American solar panel capacity to 4.8 GW. DOE loan and tax credits are eligible for the project.
Maxeon Solar Technologies announced plans to build a 3-GW solar cell and panel factory in Albuquerque, New Mexico. This new facility will bring the company's total North American solar panel manufacturing capacity to 4.8 GW. The company plans to begin construction in the first quarter of 2024 and estimates the new facility will create up to 1,800 jobs, including manufacturing and engineering roles. Maxeon Solar's Performance line of solar modules will be manufactured here while the Maxeon series of interdigitated back contact (IBC) technology panels will be manufactured out of an existing plant in Malaysia. The company is also eligible for a DOE loan and various tax credits for the project. This new plant will help the US reshore and scale up a domestic solar supply chain and contribute to the country's energy security.
What Benefits Will Maxeon Solar's New 3-GW Factory Bring?
- Creation of up to 1,800 jobs, including manufacturing and engineering roles
- U.S. reshoring and scaling up of domestic solar supply chain
- Increase of Maxeon Solar Technologies’ total North American solar panel manufacturing capacity to 4.8 GW
- Eligibility for a DOE loan and various tax credits for the project
- Increased energy security for the United States
- Greater opportunity for businesses and citizens to invest in solar energy
- Improved sustainability, as solar energy is a renewable energy source with no emissions
