Connection

popular articles

Brazil boosts uranium exploration in response to growing global demand
Oliver Stone: Nuclear advocacy in “Nuclear Now” documentary
Argentine lithium: mining growth under environmental strain
TotalEnergies wins a 1.5 GW concession in the North Sea
Japan increases coal imports to meet energy demand

Maxeon reorganizes its operations to focus on the U.S. solar market

Maxeon Solar Technologies announces a strategic restructuring of its business portfolio, refocusing its operations on the U.S. market while transferring its international activities to the TCL Group.
Gestion des actifs solaires Espagne

Please share:

Maxeon Solar Technologies (NASDAQ: MAXN), one of the global leaders in solar technology, has announced a major strategic overhaul of its business portfolio. This decision aims to refocus the company on the U.S. solar market, where it already has a strong presence and an expanding manufacturing infrastructure.

As part of this strategy, Maxeon has signed a five-year lease for a building in Albuquerque, New Mexico. This site will host a new solar panel manufacturing facility with a 2-gigawatt capacity, scheduled to begin operations in early 2026. This initiative aligns with the company’s goal of building a domestic solar supply chain and meeting the growing needs of the residential, commercial, and utility-scale markets in the U.S.

A strategic shift for international markets

For its international operations, Maxeon has reached agreements in principle with TCL Technology Group, the parent company of its majority shareholder. These agreements include the sale of sales and marketing activities in Europe, the Middle East, and Africa (EMEA), Asia-Pacific (APAC), and Latin America (LATAM) to TCL Group. These assets will be integrated into a new entity called TCL SunPower International.

At the same time, TCL Group will also acquire Maxeon’s manufacturing facilities in the Philippines. These transactions will enable TCL to establish a robust global solar platform while allowing Maxeon to focus on its expertise and growth within the U.S. market.

Close collaboration with local authorities

According to George Guo, Maxeon’s CEO, this strategic repositioning will enable the company to stay closer to its U.S. customers while strengthening its partner network. He also highlighted the importance of support received from local authorities, including the governor of New Mexico and municipal and state officials, in setting up the Albuquerque site.

Globally, TCL SunPower plans to develop innovative and sustainable solar solutions for homeowners and businesses. This includes distributing solar solutions under the SunPower brand through exclusive installation partners and marketing TCL Solar products via distribution channels.

Register free of charge for uninterrupted access.

Publicite

Latest news

United States: DT Midstream acquires three pipelines for $1.2 billion
Texas Secures $190 Million Energy Storage Project Led by Aypa Power
The South Sudan Oil Revival: Balancing Economic Hopes and Logistical Challenges
Algeria Strengthens Partnership with Sinopec on $3.12 Million Projects
Ecopetrol acquires 45% of Repsol in block CPO-09 for 41 million barrels

Recently published in

FREYR Battery acquires a 5 GW solar plant in Texas

The acquisition of a solar production plant in Texas by FREYR Battery marks a major strategic development in strengthening local energy supply chains.
The United Arab Emirates approves four renewable energy projects for 4.6 GW
EWEC secures land to develop 4.6 GW of solar and wind capacities in Abu Dhabi, reinforcing the UAE's climate and energy goals for 2035.
en_11401062540
The United Arab Emirates approves four renewable energy projects for 4.6 GW
EWEC secures land to develop 4.6 GW of solar and wind capacities in Abu Dhabi, reinforcing the UAE's climate and energy goals for 2035.
en_11401062540
India completes the sale of O2 Power to JSW Neo Energy for USD 1.5 billion
EQT and Temasek sell 100% of O2 Power to JSW Neo Energy for USD 1.5 billion, boosting renewable energy development in a key market.
en_11401073540
India completes the sale of O2 Power to JSW Neo Energy for USD 1.5 billion
EQT and Temasek sell 100% of O2 Power to JSW Neo Energy for USD 1.5 billion, boosting renewable energy development in a key market.
en_11401073540
Poland Supports 205 MW of Solar and Wind Projects with OX2
Poland has awarded contracts for a 165 MW solar farm and a 40 MW wind farm to OX2 in public auctions, reinforcing its ambition to develop renewable energy.
en_11401070540
Poland Supports 205 MW of Solar and Wind Projects with OX2
Poland has awarded contracts for a 165 MW solar farm and a 40 MW wind farm to OX2 in public auctions, reinforcing its ambition to develop renewable energy.
en_11401070540

South Africa Announces 44.2 Billion Rand Energy Investments

South Africa designates sixteen strategic energy projects, including solar and storage infrastructures, aimed at accelerating the energy transition and boosting the local economy.
Albania welcomes a 100-megawatt solar power plant by Voltalia
In Albania, a 100-megawatt solar power project is underway under Voltalia's direction, supporting energy transition and strategic energy independence goals in the Balkans region.
en_11401020540
Albania welcomes a 100-megawatt solar power plant by Voltalia
In Albania, a 100-megawatt solar power project is underway under Voltalia's direction, supporting energy transition and strategic energy independence goals in the Balkans region.
en_11401020540
Chile inaugurates a hybrid solar power plant with 81 MW storage
The Don Humberto project, combining 81 MW of bifacial solar panels and an energy storage system, begins operations, strengthening peak demand management and reducing CO2 emissions.
en_11401021540
Chile inaugurates a hybrid solar power plant with 81 MW storage
The Don Humberto project, combining 81 MW of bifacial solar panels and an energy storage system, begins operations, strengthening peak demand management and reducing CO2 emissions.
en_11401021540
United States: Enlight Announces $550 Million Financing for Solar Project in Arizona
Enlight Renewable Energy secured $550 million financing to develop a 290 MW solar and 940 MWh energy storage project in Arizona. The project, expected by the end of 2025, reflects a strategic dynamic in the sector.
en_11401018540
United States: Enlight Announces $550 Million Financing for Solar Project in Arizona
Enlight Renewable Energy secured $550 million financing to develop a 290 MW solar and 940 MWh energy storage project in Arizona. The project, expected by the end of 2025, reflects a strategic dynamic in the sector.
en_11401018540

A 300 MW Solar Project in Texas Backed by Meta and Longroad Energy

Meta and Longroad Energy finalize an agreement to develop a 300 MW solar project in Yoakum County, Texas, supporting operations with 100% renewable energy.
China and Ant Digital Technologies secure 200 million for solar assets
China, through GCL Energy and Ant Digital, inaugurates cross-border financing by tokenizing 82 MW of solar assets using blockchain, addressing the growing demand for green financing.
en_11401012540
China and Ant Digital Technologies secure 200 million for solar assets
China, through GCL Energy and Ant Digital, inaugurates cross-border financing by tokenizing 82 MW of solar assets using blockchain, addressing the growing demand for green financing.
en_11401012540
South Africa awards Scatec a 288 MW solar energy project
South Africa advances its energy strategy with the award of a 288 MW solar energy project to Scatec under the REIPPPP program for a 20-year term.
en_11401013540
South Africa awards Scatec a 288 MW solar energy project
South Africa advances its energy strategy with the award of a 288 MW solar energy project to Scatec under the REIPPPP program for a 20-year term.
en_11401013540
The United States Achieves 2 GW of Solar Energy Capacity Through CS Energy
CS Energy reaches 2 GW of operational solar energy capacity in the United States, marking a strategic advancement in renewable infrastructure and solidifying its position in the U.S. market.
en_11401009540
The United States Achieves 2 GW of Solar Energy Capacity Through CS Energy
CS Energy reaches 2 GW of operational solar energy capacity in the United States, marking a strategic advancement in renewable infrastructure and solidifying its position in the U.S. market.
en_11401009540

Acme Solar connects 1023 MW solar projects to the ISTS grid in Rajasthan

Acme Solar Holdings Limited has completed the commissioning of 1023 MW solar projects in Rajasthan, marking a milestone in India's energy transition while reducing annual CO2 emissions by 2.6 million tonnes.
United States: Altus Power Acquires 2.8 MW of Solar Capacity from Emeren Group
Altus Power has acquired a 2.8 MW solar project in the United States from Emeren Group, marking a key milestone for renewable energy and the expansion of community solar infrastructure.
en_1140986540
United States: Altus Power Acquires 2.8 MW of Solar Capacity from Emeren Group
Altus Power has acquired a 2.8 MW solar project in the United States from Emeren Group, marking a key milestone for renewable energy and the expansion of community solar infrastructure.
en_1140986540
Meta and DESRI sign an agreement for 400 MW of solar energy in Missouri and Texas
Meta and DESRI announce two new solar projects totaling 400 MW in Missouri and Texas, strengthening their initiatives for a clean energy transition.
en_1140938540
Meta and DESRI sign an agreement for 400 MW of solar energy in Missouri and Texas
Meta and DESRI announce two new solar projects totaling 400 MW in Missouri and Texas, strengthening their initiatives for a clean energy transition.
en_1140938540
Botswana: Scatec invests 96 million EUR in a 120 MW solar complex
Scatec finalizes funding for a 120 MW solar complex in Botswana, reducing 48,000 tons of CO2 and powering 20,000 households.
en_1140974540
Botswana: Scatec invests 96 million EUR in a 120 MW solar complex
Scatec finalizes funding for a 120 MW solar complex in Botswana, reducing 48,000 tons of CO2 and powering 20,000 households.
en_1140974540

Origis Energy finances 350 MW solar projects with MUFG in the United States

Origis Energy and MUFG announce a $533 million investment to develop 350 MW of solar energy and 50 MW of storage across two U.S. states.
Amsterdam: Solar panels on monuments spark debate between sustainability and heritage
Amsterdam: Solar panels on monuments spark debate between sustainability and heritage
en_1140950540
Amsterdam: Solar panels on monuments spark debate between sustainability and heritage
Amsterdam: Solar panels on monuments spark debate between sustainability and heritage
en_1140950540
Enlight Completes a 1.2 GWh Solar-Battery Coupling
The Atrisco project, combining 364 MW of solar production and 1.2 GWh of storage, finalizes its financing at $397 million. Enlight Renewable Energy strengthens its strategy in the US hybrid energy market.
en_1140952540
Enlight Completes a 1.2 GWh Solar-Battery Coupling
The Atrisco project, combining 364 MW of solar production and 1.2 GWh of storage, finalizes its financing at $397 million. Enlight Renewable Energy strengthens its strategy in the US hybrid energy market.
en_1140952540
Innergex finalizes a $142 million bridge loan for the Hale Kuawehi solar project in Hawaii
Innergex secures a $142 million CAD bridge loan for the Hale Kuawehi project in Hawaii, now entering the testing phase before full commissioning scheduled for early 2025.
en_1140926540
Innergex finalizes a $142 million bridge loan for the Hale Kuawehi solar project in Hawaii
Innergex secures a $142 million CAD bridge loan for the Hale Kuawehi project in Hawaii, now entering the testing phase before full commissioning scheduled for early 2025.
en_1140926540

Rays Green Energy invests €158 million in a solar giga factory in India

Rays Green Energy Manufacturing Pvt. Ltd., in collaboration with the Madhya Pradesh government, will invest €158 million in an integrated factory for the production of solar cells and modules. The project aims to increase local production and create 1,200 jobs.
CEC Renewables issues $96.7 million in green bonds for its photovoltaic power plant in Zambia
CEC Renewables announces a $96.7 million green bond issuance, backed by international investors, to finance the second phase of its Itimpi solar plant, adding 136 MW to its installed capacity in Zambia.
en_1140906540
CEC Renewables issues $96.7 million in green bonds for its photovoltaic power plant in Zambia
CEC Renewables announces a $96.7 million green bond issuance, backed by international investors, to finance the second phase of its Itimpi solar plant, adding 136 MW to its installed capacity in Zambia.
en_1140906540
Egypt inaugurates a 500 MW solar power plant in Aswan
Egypt strengthens its energy infrastructure with a 500 MW solar power plant in Aswan, a $500 million project developed by AMEA Power, aiming to diversify its energy mix and meet growing electricity demand.
en_1140876540
Egypt inaugurates a 500 MW solar power plant in Aswan
Egypt strengthens its energy infrastructure with a 500 MW solar power plant in Aswan, a $500 million project developed by AMEA Power, aiming to diversify its energy mix and meet growing electricity demand.
en_1140876540
Solar N Plus décroche un contrat record de 500 MW pour l’exportation de produits solaires N-type
Solar N Plus décroche un contrat record de 500 MW pour l’exportation de produits solaires N-type
en_1140854540
Solar N Plus décroche un contrat record de 500 MW pour l’exportation de produits solaires N-type
Solar N Plus décroche un contrat record de 500 MW pour l’exportation de produits solaires N-type
en_1140854540

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS