Mon. Jul 22nd, 2024

Singapore solar company plans major US manufacturing plant in New Mexico

Singapore-based Maxeon Solar Technologies plans to build a major solar panel manufacturing plant in New Mexico, pending approval of a loan application with the U.S. Department of Energy.

The Albuquerque-based factory would employ about 1,800 people to provide solar panels for residential and commercial use.

Plans for the plant are larger than any comparable existing facility in the United States, equipped to produce panels each year that can generate three gigawatts of electricity. According to Maxeon Solar data, that’s enough energy to equip roughly 460,000 homes with solar power.

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