- Maxeon Solar to invest $1 billion in 3 GW solar factory, creating 1,800 jobs by 2025.
- Decision driven by Biden’s climate legislation incentives, aligning with clean energy goals.
- Maxeon considers 4.5 GW expansion, positive impact on New Mexico’s economy and first large-scale solar plant.
Singapore-based solar energy leader, Maxeon Solar, has unveiled plans to invest more than $1 billion in the establishment of a cutting-edge solar cell and panel factory in Albuquerque, New Mexico. The company’s strategic decision is a response to the manufacturing incentives offered by President Joe Biden’s ambitious climate legislation, indicating a harmonious alignment with the nation’s clean energy goals.
The colossal 3 GW facility is poised to become operational by 2025, with the potential to generate around 1,800 job opportunities, thereby contributing significantly to local employment and economic growth. This venture marks Maxeon Solar’s inaugural manufacturing site in the United States, underlining the company’s commitment to fostering expertise in manufacturing and engineering within the country.
Maxeon Solar’s forward-thinking approach is also evidenced by its contemplation of expanding the facility’s capacity to 4.5 GW, driven by the foreseen surge in demand for renewable energy. This expansion, if realized, could further solidify New Mexico’s transition towards a greener economy and establish the state’s first large-scale solar manufacturing hub. As the world intensifies its efforts to combat climate change, Maxeon Solar’s substantial investment stands as a testament to both innovation and environmental stewardship, resonating as a pivotal milestone in the renewable energy sector.
