SunPower Acquires SolarWorld’s Oregon Fab

SunPower Completes Acquisition Of SolarWorld Americas’ Hillsboro, Oregon Manufacturing Facility; Plans To Begin P-Series Manufacturing Here For Shipping Due In Q1/2019
05:54 AM (Beijing Time) - 04. October 2018
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SunPower says the Hillsboro fab of SolarWorld Americas will continue to manufacture SolarWorld products (in the picture) over the next several months, post which it will start manufacturing its P-Series products. (Photo Credit: SolarWorld Americas Inc.)

Key Takeaways

  • SunPower has completed the acquisition of certain assets of SolarWorld Americas that includes Hillsboro facility of the latter in Oregon
  • It plans to convert module manufacturing capacity here to start working on its P-Series technology
  • It has started injecting fresh capital in the factory, moving relevant equipment here which will see it manufacturing P-Series modules of SunPower
  • Shipping for P-Series modules is scheduled to begin in the first quarter of 2019

Almost 6 months after announcing its intention to acquire SolarWorld Americas, SunPower Corp., has confirmed completing acquisition of certain assets of the PV company, which includes the Hillsboro facility in Oregon (see SunPower Acquires SolarWorld Americas). With this acquisition, SunPower has also begun moving some equipment that will rapidly convert existing module capacity at the fab to manufacture its P-Series technology with 19% efficiency. Shipping will start by Q1/2019.

SunPower is injecting fresh capital, the amount of which wasn’t disclosed, to start its P-Series module manufacturing here for which it has started moving relevant equipment. Till this happens, more than 200 employees at Oregon will continue to manufacture SolarWorld Americas products over the next several months, it said, post which they will refocus on manufacturing P-Series products.

This acquisition is an important step in helping to reshape solar manufacturing in America,” said Tom Werner, SunPower CEO and chairman of the board. “With a dedicated and experienced Hillsboro workforce and our advanced P-Series solar panel manufacturing technology, invented and perfected in Silicon Valley, we’ll be able to sell high-performance American-assembled panels to serve our strong U.S. market demand.”

Anu Bhambhani

Anu Bhambhani is the Senior News Editor of TaiyangNews

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Anu Bhambhani