12/17/2023 0 Comments Sunpower by venture solar![]() For more information about how SunPower is changing the way our world is powered, visit SunPower Forward-Looking Statements Headquartered in Silicon Valley, SunPower has dedicated, customer-focused employees in Africa,Īsia, Australia, Europe, North and South America. ![]() From the first flip of the switch, SunPower delivers maximum value and superb performance throughout the long life of every solar system. Residential customers, businesses, governments, schools and utilities around the globe rely on SunPower's more than 30 years of proven experience. The facility includes infrastructure built to allow for significant future capacity growth.Ĭontingent on various conditions, the transaction is expected to close by the end of the month.Īs one of the world's most innovative and sustainable energy companies, SunPower (Nasdaq: SPWR) provides a diverse group of customers with complete solar solutions and services. ![]() SunPower plans to eventually upgrade the Melaka facility, which has been recognized by the International Energy Agency for its superior energy-efficient design and Leadership in Energy and Environmental Design (LEED) acknowledgement. Purchasing AUO's portion of the Melaka joint venture is an opportunity for us to enable technology upgrades, cost reductions and future expansion consistent with this strategy." "We will thoughtfully manage capacity during the current industry volatility, but we are committed to being a leading upstream industry participant over the long term, leveraging our unique, high value solar panel technologies. "Consistent with our previous comments, SunPower is working to increase our future manufacturing capacity for our highest-value products while driving down costs," Werner said. This transaction resolves a dispute between the two companies. AUO also will remain a wafer supplier to SunPower. SunPower has also signed a supply agreement with AUO for 100 MW of SunPower's E-series solar panels. Under the stock purchase agreement, SunPower will pay AUO $170 million over the next four years. "Acquiring AUO's stake in the Malaysian joint venture gives us sole control over our highest performing solar cell fab and will allow for technology upgrades and further expansion of our high efficiency solar cell technology as market conditions warrant." ![]() "The solar industry expects continued growth for the foreseeable future, as solar power becomes increasingly cost effective in many countries," said Tom Werner, SunPower President and CEO. ![]()
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