SunPower Spin-Off Launches 600W+ PV Panel

SunPower Spin-Off Maxeon Solar Technologies Claims Up To 625 W Power Rating For Latest Performance 5 Shingled Bifacial Solar Panels; Will Present Details During July 29 & 30, 2020 TaiyangNews Virtual Conference
04:56 PM (Beijing Time) - 24. July 2020
Presentation1

While exceeding 500 W was as high as you could go with module power only few weeks ago, the first technology leaders are now entering the 600 W level. SunPower’s Maxeon Solar has announced to deliver its Performance 5 bifacial panels with up to 625 W in Q4/2020. Pictured is the Solar Star project with SunPower panels. (Photo Credit: SunPower Corporation)

Key Takeaways

  • Maxeon Solar Technologies introduces 5th generation shingled bifacial solar panels claiming up to 625 W power rating
  • These panels are among the first products to utilize bifacial mono-PERC solar cells on large format 8-inch G12 wfers with over 21% efficiency, the company informed
  • Panels will target large scale power plants and begin delivery of the products in Q4/2020
  • SunPower’s Maxeon Solar Technologies will publicly introduce and showcase the new SunPower Performance 5 panel at TaiyangNews' Virtual Conference on 500W+ Solar Modules on July 29 & 30, 2020

SunPower Corporation’s planned spin-off Maxeon Solar Technologies has launched 5th generation shingled bifacial solar panels claiming power ratings of up to 625 W, entering the exclusive club of very few PV manufacturers that have announced panels with 600 W or more output so far.

The SunPower Performance 5 panels will target large-scale, multi-MW power plants. The manufacturer claims these are among the first products to utilize bifacial mono-PERC solar cells made on large format 8-inch G12 wafers with over 21% efficiency with ‘enhanced shade tolerance and unparalleled durability to reduce system lifetime energy cost’. The two other companies that have recently announced module products of 600 W and more are Trina Solar and Risen Energy.

As Maxeon Solar awaits its planned spin-off from SunPower in Q3/2020, it plans to commercialize Performance 5 panels and begin delivery in Q4/2020.

“Our release of the new SunPower Performance 5 panels comes along with a renewed commitment to large-scale installations supported by significant manufacturing capacity scale-up of shingled cell panel technology by our Huansheng Photovoltaic (HSPV) joint venture in China,” said Maxeon CEO Jeff Waters. “This expansion is highly capital efficient and will reinforce Maxeon’s leadership and reach as a premier supplier of levelized cost of energy-optimized panels into the large, mainstream utility-scale markets.”

Maxeon Solar investor Tianjin Zhonghuan Semiconductor Co (TZS) is to increase the HSPV capacity from 2 GW now to 8 GW by 2021 with the first new facility planned for full ramp by the end of 2020, as it plans to implement 3 GW smart fabs at Yixing and Tianjin sites. Maxeon Solar holds 20% stake in the joint venture.

Recently, Maxeon Solar raised $200 million in green convertible senior notes offering and secured $125 million in loans.

SunPower’s Maxeon Solar Technologies will publicly introduce and showcase the new SunPower Performance 5 panel during TaiyangNews’ Virtual Conference on 500W+ Solar Modules on July 29 & 30, 2020. Maxeon Solar COO Peter Aschenbrenner will participate in the Exec Panel on July 30. Registrations free here  

Anu Bhambhani

Anu Bhambhani is the Senior News Editor of TaiyangNews

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Anu Bhambhani