S'abonner

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

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.

  • Populaires ​
US natural gas production to hit historic high in 2025
Ecuador: Partial Resumption of Oil Transport After Major Climatic Disruptions
Maple Creek Energy launches strategic RFP for US gas project
BP and Shell sign strategic agreements to revive Libya’s oil industry
Masdar and Iberdrola invest €5.2bn in UK offshore wind
ACWA Power, Badeel and SAPCO to invest $8.3bn for 15,000 MW of renewables in Saudi Arabia
Three major players commit to developing five solar plants and two wind farms, with commissioning scheduled between 2027 and 2028 as part of Saudi Arabia’s national programme.
SAEL Industries announces $954mn investment for solar plant in India
SAEL Industries will invest $954mn in a solar factory in Greater Noida, boosting Indian manufacturing capacity and supporting the national strategy to localise photovoltaic component production.
Global PV inverter shipments reach 589 GWac as Asia-Pacific dominates in 2024
Global photovoltaic inverter shipments increased by 10% in 2024, driven by the Asia-Pacific region, which accounts for nearly seven out of ten shipments, while China consolidates its influence on the sector.
Arctech Brazil obtains FINAME certification and accelerates its regional expansion
Arctech Brazil has received FINAME certification from the National Bank for Economic and Social Development, making financing more accessible for its solar trackers and consolidating its role in the Latin American solar market.
MN8 Energy raises $575mn with Natixis CIB to strengthen its US solar debt
MN8 Energy completes a $575mn secured bond issue led by Natixis Corporate & Investment Banking to refinance project debt and support the development of a diversified solar portfolio in the United States.
Solargik signs 85 MW of new solar projects on complex terrains in Italy
Solargik strengthens its presence in Italy with 85 MW of photovoltaic projects, including partnerships with Revalue and Free Ingegneria, to deploy systems on steep and agricultural land previously considered unexploitable.
EDF inaugurates two solar power plants in Moselle totalling 72 MWp installed
EDF power solutions commissions two new photovoltaic plants in Moselle, together representing a capacity of 72 MWp, capable of annually supplying electricity equivalent to 36,000 inhabitants, or 30% of the population of Metz.
Solar energy becomes EU’s leading electricity source in June 2025
Solar energy reached a record share of 22.1% in the European electricity mix in June 2025, becoming for the first time the main source of electricity in the European Union, according to a report by think tank Ember.
Maldives grants first-ever energy permit to Abraxas Power Corp.
Abraxas Power Corp. receives unprecedented authorisation from Maldivian authorities to develop a 100 MW solar project within a new special economic zone, targeting energy security and national climate objectives.
GreenYellow signs 1.8 MWp solar contract with Meaders in Mauritius
GreenYellow and Meaders Feeds Ltd finalise a second 1.8 MWp solar project under the Carbon Neutral Industrial Sector Scheme aimed at decarbonising the Mauritian industrial sector.
New community solar project in Baltimore-Washington: a 3.2 MW capacity
The Lime Kiln project, developed by Chaberton Energy and Pivot Energy, will provide renewable energy to 500 homes and businesses in Maryland, while reducing greenhouse gas emissions.
MPC Energy Solutions sells its stake in the Planeta Rica solar project in Colombia
MPC Energy Solutions has signed an agreement to sell its stake in the Planeta Rica solar project in Colombia. The transaction is expected to close by the end of 2025.
EDF power solutions commissions the largest solar power plant in the Territoire de Belfort
EDF power solutions has commissioned the Aéroparc photovoltaic plant, with a capacity of 42.2 MWp, in the Territoire de Belfort, making a significant contribution to the region's energy transition.
The Economic Impact of Solar Energy in Europe Amid Surplus Production
The overproduction of solar energy in Europe is causing a drop in captured prices, undermining the profitability of producers. In Germany, Spain, and France, capture prices are at record lows, with profound economic consequences.
Altarea Energies Renouvelables launches its first ground-mounted photovoltaic plant in Caudecoste
Altarea Energies Renouvelables has started work on its first ground-mounted photovoltaic plant in Caudecoste, marking a new milestone in its development. The 7 MWc plant is expected to be operational by the end of 2025.
JinkoSolar installs 21.6 MWh of energy storage in Massachusetts
Chinese manufacturer JinkoSolar has delivered three energy storage systems totalling 21.6 MWh to the American company Distributed Energy Infrastructure, as part of the Solar Massachusetts Renewable Target (SMART) programme aimed at strengthening local solar infrastructure.
TotalEnergies ENEOS equips two logistics centres in Singapore with solar panels
TotalEnergies ENEOS has commissioned two photovoltaic installations totalling 1.2 MWp for marine logistics group Lee Huat Yap Kee in Singapore, under two long-term power purchase agreements with no upfront investment.
TCL Solar signs strategic 250MW agreement for Pakistani market
TCL Solar has concluded two exclusive partnerships in Suzhou with AU Solar and Madina Solar to supply 250 megawatts of photovoltaic modules to the Pakistani market, addressing rapidly growing local energy demand.
Mitrex sets world record with monumental urban solar facade
Mitrex secures Guinness Record for the largest integrated solar facade globally, combining photovoltaics and cultural art in Edmonton, covering over 30,000 square feet with installed capacity exceeding 265 kW.
EDF power solutions acquires 500MW hybrid solar project in the UK
EDF power solutions completes the acquisition of the 500MW Gate Burton solar-battery project from the company Low Carbon, strengthening its presence in hybrid photovoltaic-storage solutions in the United Kingdom.

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

© XMARKET PUBLISHING