Maxeon Solar reports $179 million Q3 loss
The Singapore-headquartered company has faced product detainment by U.S. Customs and has announced plans to focus solely on the U.S. market.
Maxeon solar panels shipped from Mexico denied entry to U.S.
U.S. Customs and Border Protection blocked Maxeon products despite “having provided clear and objective evidence” of a compliant supply chain.
U.S. authorities detain solar modules imported from Mexico
Module manufacturer Maxeon says that U.S. Customs and Border Protection officials have detained all of its panel imports from Mexico since July as the federal law enforcement agency investigates their compliance with the Uyghur Forced Labor Prevention Act (UFLPA).
Solar power generation soars in Mexico, southwestern U.S.
In a new weekly update for pv magazine, Solcast, a DNV company, reports that areas across Mexico and Southern Texas saw reduced cloud, leading to 120-130% of average September irradiance.
Maxeon’s PV module capacity hits 2.5 GW in Mexico
Maxeon Solar Technologies says it has invested $70 million to upgrade its panel factory in Mexicali, Mexico, to 1.8 GW. The remaining capacity is provided by a 700 MW facility that the Singapore-based manufacturer operates in Ensenada.
CSI Solar announces initial public offering pricing on Shanghai Stock Exchange
Canadian Solar’s global module, battery and inverter solutions business is issuing 541 million shares, or 15% of 3.6 billion outstanding shares, at $1.17 per share (11.10 RMB) raising the equivalent of $848 million in proceeds.
Powin signs manufacturing agreement with Jabil to produce 2 GWh U.S. storage systems
Powin has selected Jabil as its manufacturing partner to produce Powin’s Stack750 Centipede energy storage systems. Beginning in Q4 2023, Jabil will produce an initial annual capacity of 2 GWh, with plans to ramp up production to 4 GWh per year.
Maxeon raises $199.4 million in equity for IBC module manufacturing expansion
The producer of Maxeon and SunPower brand solar modules is raising capital from a $157.4 million underwriting of shares and a separate $42 million private placement with TCL Zhonghuan.
Sunrise brief: Duke Energy carbon plan sells ratepayers short
Also on the rise: Mexico could reach its goal of 35% clean electricity by 2024. Trina Solar’s new 6.5 GW Vietnam wafer plant to exclusively supply U.S. market. And more.
NREL study shows how Mexico could reach its goal of 35% clean electricity by 2024
A study funded by the U.S. State Department models doubling solar capacity in Mexico by 2024.
