SUBSCRIBE
PROFILE

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.

Share:

Gestion des actifs solaires Espagne

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25£/month*

*billed annually at 99£/year for the first year then 149,00£/year ​

Unlimited access • Archives included • Professional invoice

SUBSCRIBE - 99£/year

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2£/month*
then 14.90£ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

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.

  • Popular on energynews.pro
Japan opens public funding for nuclear projects to support reactor restarts
Shanghai Electric launches 625 MW upgrade to strengthen Iraq’s power grid
Awendio Solaris to invest CAD1bn in integrated solar plant in Montreal
Subsea 7 extends Equinor contract for subsea services in Norway
Iran offers support to Venezuela after oil tankers seized by Washington
T1 Energy signs 900MW solar supply deal with Treaty Oak in the United States
T1 Energy will supply Treaty Oak with 900MW of solar modules over three years, leveraging domestically produced cells from Austin to meet increasing regulatory requirements.
Solarpro inaugurates 450 MW solar power plant with LONGi modules in Hungary
Solarpro commissions Hungary’s largest photovoltaic plant using 700,000 advanced modules supplied by LONGi, with an expected annual output of 470 GWh.
Technique Solaire secures €40mn junior debt to support 392 MWp in projects
Technique Solaire has secured €40mn ($43.5mn) in junior debt from BNP Paribas Asset Management to structure two solar portfolios totalling 392 MWp across France, Spain and the Netherlands.
EDF Power Solutions appoints METLEN to build 400MW Longfield solar farm
EDF Power Solutions UK has appointed METLEN to lead engineering and construction for the 400MW Longfield solar farm in Essex, with commissioning scheduled for 2030.
Neoen wins 124 MWp in solar projects in latest French government tender
Independent power producer Neoen has secured six agrivoltaic projects totalling 124 MWp, reinforcing its position as the leading winner in French solar tenders since 2021.
TOPCon 4.0 vs HJT: the financial trade-off in the solar sector in 2026
As the photovoltaic industry enters a phase of deep restructuring, the duel between TOPCon 4.0 and heterojunction technologies is redefining manufacturers’ margins. In 2026, reducing production costs becomes the primary strategic lever for global market leaders.
JA Solar and Trinasolar Lead a Global Solar Market in Crisis
JA Solar and Trinasolar top Wood Mackenzie’s latest semiannual ranking despite a sector-wide net loss of $2.2 billion. Industrial leaders are strengthening their grip on global photovoltaic module supply through rigorous financial discipline.
BayWa r.e. sells 46 MW floating solar project in the Netherlands
BayWa r.e. has finalised the sale of a 46 MW floating solar park, the country’s largest, to a Dutch public-local consortium, marking a new step in the decentralised structuring of the solar market in the Netherlands.
Egypt launches $220mn solar complex in the Suez Canal zone
The ATUM Solar industrial complex, located in Ain Sokhna, will include three factories—two of 2 GW capacity—backed by a $220mn investment from an international consortium.
AMEA Power commissions 120 MWp solar plant in Kairouan, Tunisia
AMEA Power has completed the commercial commissioning of a 120 MWp solar project in Kairouan, marking a national first in Tunisia for a renewable energy installation of this scale.
Solarcentury Africa commissions 19.3 MWp solar plant in Namibia
The Gerus plant becomes the first solar installation in Namibia to sell electricity directly on the Southern African Power Pool regional market.
Tokyu invests in 800 low-voltage solar plants through strategic partnership
Japanese conglomerate Tokyu teams up with Global Infrastructure Management and Clean Energy Connect to build 800 low-voltage solar plants totalling 70MWDC, under an off-site power purchase agreement for its facilities.
T1 Energy launches construction of 2.1GW solar cell plant in Texas
T1 Energy has begun construction of a solar cell facility in Milam County, Texas, representing an investment of up to $425mn, aimed at strengthening U.S. industrial autonomy in the photovoltaic supply chain.
Pivot Energy secures $225mn to develop 60 new community solar projects
Pivot Energy has secured $225mn in funding from three banking partners to support a portfolio of 60 community solar power plants across nine US states.
Voltalia launches construction of hybrid solar-storage power plant in French Guiana
Voltalia has started building a 43-megawatt hybrid plant in Sainte-Anne, combining solar, battery storage and bioenergy to meet growing electricity demand in western French Guiana.
Masdar withdraws from ReNew Energy buyout offer, deal collapses
Masdar’s exit ends ReNew Energy's privatisation attempt, despite offer rising to $8.15 per share.
California exceeds 50% renewable electricity, but grid integration tightens
California surpassed 52.3% of electricity from renewables and large hydro in 2024, marking a major energy milestone while increasing pressure on storage, permitting and curtailed production.
European Energy wins two CRE tenders for its agrivoltaic projects in Saint-Voir
European Energy France has secured two wins in tenders issued by the French Energy Regulatory Commission for its agrivoltaic parks in Saint-Voir, with a combined capacity of 14.3 MWp and commissioning expected by late 2027.
TotalEnergies signs 21-year solar deal with Google in Malaysia
TotalEnergies will supply Google with 1TWh of renewable electricity from a 20MW solar plant in Malaysia under a 21-year power purchase agreement.
Enviromena’s 40MW solar project approved despite local opposition
Enviromena secured approval for its Fillongley solar farm after a local council’s refusal was overturned, despite conflicts of interest tied to public funds used to oppose the project.

All the latest energy news, all the time

Annual subscription

8.25£/month*

*billed annually at 99£/year for the first year then 149,00£/year ​

Unlimited access - Archives included - Pro invoice

START - 99£/year

Monthly subscription

Unlimited access • Archives included

5.2£/month*
then 14.90£ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.