Maxeon says it is committed to building massive Albuquerque facility despite financial losses, policy uncertainty [Yahoo! Finance]
SunPower Inc. (SPWR)
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Source: Yahoo! Finance
administration, the company says it is holding firm in building a massive manufacturing site in Albuquerque. "Maxeon remains committed to building a resilient U.S. manufacturing base, with the Albuquerque facility as a key component of that strategy," Maxeon spokesperson Forrest Monroy wrote in an email to the Journal in early October. The Singapore-based solar company announced in 2023 its plans to build a $1 billion, 1.9 million-square-foot facility in Albuquerque's Mesa del Sol. The proposed building would be used for solar panel assembly and fabrication of photovoltaic cells, and could bring 1,800 jobs to the area. Maxeon, which branched off from U.S.-based SunPower Corp., originally anticipated construction would begin last year and have an operational facility by 2025. But the company has yet to break ground on the project and has been slow to share details. Steve Chavez, managing partner of Mesa del Sol Investments, said that while no building construction has started
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