The high efficiency PV maker has already brought in all the tools for making its shingled P-Series product in Oregon, aiming to begin ramping in January.
Caterpillar-branded SunPower modules will be available in Southeast Asia, Africa, South America, and the Middle East – but not yet the United States.
The high efficiency PV maker is still chasing elusive profitability, but had some major successes this quarter and is optimistic about new technologies and opportunities.
The high-efficiency PV maker has closed on SolarWorld’s Oregon factory, which will transition from SolarWorld products to SunPower’s P-type shingled modules.
The role of SunPower’s planned purchase of SolarWorld Americas in getting a rare reprieve from the Trump Administration’s bellicose trade actions is unclear.
Clearway Energy Group has been formed from NRG’s renewable energy businesses and SunPower’s project pipeline.
The PV manufacturer plans to pay off the high-interest ‘mezzanine loan’ with revenue from its residential lease portfolio.
The PV maker plans to shift its 800 MW of E-Series production to its new NGT technology, as it records a massive loss on depreciation of its old equipment. The move was revealed in second-quarter figures featuring plenty of red ink.
The announcement was given by the French energy company during the #PlaceAuSoleil initiative, a new plan of France’s government to speed up PV development, and to make surfaces for large-scale solar plants available. The new package of measures includes doubling the volume of tenders for PV projects on agricultural land and increasing by 50% the volume of tenders for rooftop PV.
Through the deal SunPower gets $25 million and stock; however the bigger deal may be Enphase’s right to be the company’s exclusive residential inverter supplier.
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