Maxeon Solar Technologies Selects Albuquerque, New Mexico as Site for New 3-Gigawatt Solar Cell and Panel Manufacturing Facility

Opinionated and Honest Journalist

Introduction

In a groundbreaking announcement, Maxeon Solar Technologies has revealed its decision to establish its first U.S. manufacturing expansion in Albuquerque, New Mexico. The new facility is expected to be a world-class, 3-gigawatt manufacturing site that will produce the latest-generation TOPCon PV-silicon cell technology and the Company’s proprietary shingled-cell Performance Line solar modules. With an investment of over $1 billion, this plant aims to meet the increasing demand for domestically produced solar panels. This move highlights a critical step in reshoring the domestic solar supply chain and signifies a significant milestone for the Biden administration’s clean energy agenda.

Elaboration on Key Points

Re-Shoring the Domestic Solar Supply Chain

The decision to select Albuquerque, New Mexico, as the location for its new manufacturing facility demonstrates Maxeon’s commitment to advancing the re-shoring of the domestic solar supply chain. Thanks to the support of the Biden administration, the United States is moving towards greater energy security and a reduced reliance on foreign imports. By establishing a state-of-the-art manufacturing facility in New Mexico, Maxeon is contributing to the re-establishment of a domestic solar supply chain that will enhance national energy security.

Creation of Highly Skilled Manufacturing Jobs

In line with the Biden administration’s goal of creating well-paying manufacturing jobs, Maxeon’s new manufacturing facility is projected to generate up to 1,800 highly skilled manufacturing jobs. These opportunities will play a crucial role in the economic development and job market of Albuquerque, New Mexico. The creation of these jobs is a testament to Maxeon’s commitment to local economic impact and their belief in the potential of the clean energy industry to drive economic growth.

Meeting Growing Demand for Domestically Produced Solar Panels

The establishment of Maxeon’s manufacturing facility in Albuquerque comes at a time of rapidly growing demand for domestically produced solar panels. As the world transitions to cleaner and more sustainable forms of energy, the demand for solar panels has increased significantly. By producing the latest-generation TOPCon PV-silicon cell technology and their proprietary shingled-cell Performance Line solar modules, Maxeon aims to cater to this rising demand. The new facility will serve both the Utility Scale Power Plant market and Distributed Generation rooftop applications, further solidifying Maxeon’s position as a global leader in solar innovation and channels.

Related Facts

• The total investment for the project is expected to be over $1 billion.
• The new plant is subject to a successful financial close under the U.S. Department of Energy’s Title 17 Clean Energy Financing Program.
• Maxeon is currently undergoing due diligence with the U.S. Department of Energy’s Loan Programs Office.
• The planned capacity of the new facility is approximately double the size of the largest silicon solar manufacturing facility currently operating in the U.S.
• The facility is expected to commence construction in the first quarter of 2024, with factory ramp-up scheduled for 2025.
• The 160-acre site in Mesa Del Sol was carefully selected for its sufficient infrastructure and potential to attract further regional investment in the solar supply chain.

Key Takeaway

The selection of Albuquerque, New Mexico, as the site for Maxeon’s new 3-gigawatt solar cell and panel manufacturing facility represents a significant milestone in the re-shoring of the domestic solar supply chain. With a total investment of over $1 billion, this facility will create up to 1,800 highly skilled manufacturing jobs and meet the growing demand for domestically produced solar panels. The impact of this decision goes beyond the immediate economic benefits of job creation, as it aligns with the Biden administration’s clean energy agenda and contributes to national energy security.

Conclusion

Maxeon Solar Technologies’ selection of Albuquerque, New Mexico, as the site for its new 3-gigawatt solar cell and panel manufacturing facility is a testament to the region’s potential for economic growth in the clean energy sector. This decision aligns with the Biden administration’s efforts to re-shore the domestic solar supply chain and create well-paying manufacturing jobs. By investing over $1 billion and generating up to 1,800 highly skilled manufacturing jobs, Maxeon is not only contributing to the region’s economic development but also advancing the clean energy agenda of the United States. This move is a significant step towards a more sustainable and independent energy future for the nation.