Maxeon Seeks to Spend $1.2 Billion Building Biggest US Solar Factory
New Mexico factory will produce 3 gigawatts of cells, panels starting 2025.
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Maxeon Solar Technologies Ltd. plans to spend $1.2 billion to build the biggest US factory for polysilicon solar panels, as President Joe Biden’s landmark climate legislation continues to boost domestic clean-energy manufacturing.
Construction on the plant in Albuquerque, New Mexico, is set to start in the first quarter with production expected to begin in 2025, the Singapore-based firm said Thursday in a statement. The facility will be able to produce as much as 3 gigawatts of solar cells and panels a year, doubling Maxeon’s manufacturing capacity. A gigawatt is enough to power about 173,000 American homes.