/PRNewswire/ Generac Power Systems, a leading global designer, manufacturer and provider of energy technology solutions and other power products, today.
SunPower changes mind in allowing Maxeon Solar to sell direct to US market Email
Maxeon Solar could be planning to re-establish P-Series solar panel assembly in Oregon as part of new manufacturing plans matching SunPower needs. Iamge Sunpower Corp.
SunPower is to allow Maxeon Solar to the Performance Series (P Series) p-type mono-PERC (Passivated Emitter Rear Cell) shingled PV modules into the US market as part of major manufacturing change to the initial agreements.
In the complex partnership between SunPower and its spun-off manufacturing operations into Maxeon Solar last year, the US market was deemed off-limits to Maxeon Solar selling SunPower’s P Series shingled PV modules into the US market. Maxeon Solar had the selling rights in most countries outside North America, as per the original IP licence and manufacturing and marketing agreements.
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SINGAPORE, April 6, 2021 /PRNewswire/ Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN), a global leader in solar innovation and channels, today announced a major new initiative to expand its engagement in the rapidly growing U.S. solar power market. The Company plans to increase its focus on selling its Performance line shingled module technology in the U.S., facilitated by the deployment of up to 3.6 GW of new shingled module assembly capacity in two phases. The expansion is contingent upon the Company obtaining debt or equity financing to purchase the equipment, after which initial sales are expected to start in the first quarter of 2022.