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Maxeon Solar Technologies Plans Albuquerque, New Mexico, Solar Cell and Panel Plant

Maxeon Solar Technologies, Ltd., a global leader in solar innovation and channels, plans to establish its first U.S. solar cell and panel manufacturing facility in Albuquerque, New Mexico. The more than $1 billion project is expected to create up to 1,800 jobs.

Located on a 160-acre site in Mesa Del Sol, 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 investment will include solar cell fabrication, panel assembly, a warehouse, and administrative offices. Construction is scheduled for the first quarter of 2024.

"Thanks to the support of the Biden administration, the U.S. is now poised to re-shore and scale up a domestic solar supply chain. This will enhance national energy security and create a new cadre of well-paying manufacturing jobs. Maxeon is well positioned to play a significant role in this process by virtue of our proven experience in deploying and operating world-class solar cell and panel technology. We see tremendous opportunity to help the country advance its clean energy agenda while generating strong local economic impact," said Bill Mulligan, Maxeon CEO.

The project is subject to a successful financial close under the U.S. Department of Energy's ("DOE") Title 17 Clean Energy Financing Program.

"I am proud to welcome Maxeon Solar Technologies' first US-based manufacturing facility to New Mexico," noted Governor Michelle Lujan Grisham. "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."

Headquartered in Singapore, Maxeon Solar Technologies designs, manufactures and sells SunPower® brand solar panels in more than 100 countries, operating the SunPower brand worldwide except the U.S. and Canada. The company’s manufacturing footprint currently includes plants in Mexico, Malaysia and the Philippines.

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