Major Solar Panel Company, Maxeon, Brings Manufacturing Facility in New Mexico

What this means

A factual summary is pending editorial review. The complete official release is reproduced below with issuer attribution and a direct link to the original publication.

Official release

Source material from New Mexico Economic Development Department. The wording below is the issuer’s statement.

The Singapore-based company, Maxeon Solar Technologies, is planning to build a 1.9 million-square-foot complex at Mesa del Sol in Albuquerque. Maxeon is the first commercial-scale solar cell manufacturer in the country and is expected to employ up to 1,800 people at the New Mexico location.

Over the next 10 years, the project is expected to bring $4.2 billion to New Mexico.

“This private investment shows how our state programs, paired with President Biden’s Inflation Reduction Act, have charted a path for New Mexico as a leader in growing the clean energy economy and creating a strong workforce for the future.”

Gov. Michelle Lujan Grisham

The Maxeon plant is expected to be the first large-scale PV cell and panel manufacturing in New Mexico, and its planned capacity is approximately double the size of the largest silicon solar manufacturing facility currently operating in the U.S.

New Mexico had everything we were looking for: a strong business-friendly climate, supportive infrastructure, focus on workforce development, and deep roots in energy leadership.

Maxeon Solar Technologies CEO Bill Mulligan

The new facility will produce the latest-generation cell technology and solar modules to meet the rapidly growing demand to serve both the Utility Scale Power Plant market and Distributed Generation rooftop applications.

“Maxeon’s investment is another example of how New Mexico is leading the nation in creating clean energy jobs to tackle climate change.”

New Mexico Environment Secretary James Kenney

Built from 35 years of boundary-pushing solar DNA, Maxeon Solar Technologies spun-off from US-based SunPower Corporation in 2020. They now independently design, manufacture, and sell industry-leading solar panels in more than 100 countries around the globe. According to the company’s website, Maxeon continues to push the limits of solar innovation through the record-setting efficiency and unmatched reliability of its flagship Maxeon line panels, and its value line Performance panels offer superior reliability and output compared to conventional panels.

Click Here to read the original press release.

Gov. Michelle Lujan Grisham was joined by Bill Mulligan, CEO of Maxeon Solar Technologies, and other officials to made the big public announcement on Friday, August 11, 2023.

Read more about the public announcement.

June 27, 2024 Update:

PV Magazine interview, at the Intersolar 2024, with Bill Mulligan, CEO of Singapore-based IBC solar module maker Maxeon.

Mulligan states the IBC technology will remain competitive and discusses its commitment to the Albuquerque facility.

Release text attributed to New Mexico Economic Development Department. Consult the official publication for any subsequent corrections or updates.