Maxeon Solar Technologies Holds Ribbon Cutting Ceremony for Expanded and Renovated Manufacturing Plant in Mexicali, Mexico


The Governor of Baja California, Mexico, Marina del Pilar Avila Olmeda, and Firm Executives led the ribbon slicing ceremony

Mexicali, Baja California, MEXICO – SINGAPORE, June 27, 2023. Maxeon Photo voltaic Applied sciences, Ltd. (NASDAQ: MAXN), a world chief in photo voltaic innovation and channels, as we speak hosted a ribbon slicing occasion at its just lately expanded and renovated manufacturing plant in Mexicali, Baja California, Mexico. Maxeon was honored to welcome the Governor of the State, Marina del Pilar Ávila Olmeda, and different distinguished friends. Members of Maxeon’s management hosted the celebration.

For the enlargement and renovation of the plant in Mexicali, Maxeon invested about 70 million {dollars}, rising its cumulative funding in photo voltaic manufacturing within the nation to greater than $ 260 million and confirming its place as the most important photo voltaic panel producer in Mexico. The Firm manufactures its shingled-cell Efficiency line photo voltaic panels in Mexicali.

This enhance represents a rise within the Firm’s put in manufacturing capability of 1.8 GW/12 months, inserting the Mexicali plant among the many largest photo voltaic panel manufacturing services in all the Americas. Maxeon additionally owns a second manufacturing web site in Ensenada, Baja California, Mexico. The 2 vegetation have a mixed manufacturing capability of greater than 2.5 GW/12 months and a workforce of greater than 2,000 workers.

“This vital milestone is a mirrored image of the laborious work and dedication of all the Maxeon crew. Our greatest-in-class photo voltaic merchandise manufactured in Mexicali and Ensenada might be discovered on energy vegetation and rooftops throughout world, the place we are able to contribute to lowering carbon emissions and combating local weather change,” mentioned Invoice Mulligan, CEO of Maxeon.

“Due to its gifted workforce, its privileged geographical location, and a good enterprise setting, as we speak Baja California performs and can proceed to play an vital function in assembly the rising demand for our merchandise within the North America and the remainder of the world within the coming years,” he added.

For his half, Governor Marina del Pilar Avila Olmeda, mentioned that the values ​​of Maxeon Photo voltaic Applied sciences coincide with these of the State Authorities, which is targeted on defending the setting and lowering polluting emissions in accordance with the 2030 Agenda of the United Nations. He additionally emphasised the significance of recent companies that proceed to return to Baja California that translate into work, well-being, and options for the folks of the state.

Not solely the enlargement and renovation of the Mexicali plant reveals the Firm’s contribution to a cleaner, extra sustainable future and job creation within the space, but in addition a dedication to excellence in photo voltaic panel manufacturing and it’s a part of a broader strategic plan to develop Maxeon’s manufacturing footprint world wide.

For extra details about Maxeon, please go to https://corp.maxeon.com/.

About Maxeon Photo voltaic Applied sciences
Maxeon Photo voltaic Applied sciences, Ltd. (NASDAQ:MAXN) is Powering Optimistic Change™. Headquartered in Singapore, Maxeon designs and manufactures Maxeon® and SunPower® model photo voltaic panels, and has gross sales operations in additional than 100 nations, working beneath the SunPower model in some nations outdoors america. . Maxeon is a frontrunner in photo voltaic innovation with over 1,400 patents and two best-in-class photo voltaic panel product traces. Maxeon merchandise cowl the worldwide rooftop and solar energy plant markets by means of a community of greater than 1,700 trusted companions and distributors. A pioneer in sustainable photo voltaic manufacturing, Maxeon leverages a +35-year historical past within the photo voltaic trade and quite a few awards for its expertise. For extra details about how Maxeon is Powering Optimistic Change™ go to us at www.maxeon.com, on LinkedIn and on Twitter @maxeonsolar.



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