L R AS Published on Friday 5 October 2018 - n° 250 - Categories:purchase and sale of assets
Sunpower completes acquisition of SolarWorld America assets
Sunpower has completed the acquisition of certain assets of SolarWorld America: it has acquired
industrial facilities in Hillsboro, Oregon, at an undisclosed price, and takes over 200 manufacturing employees.
The site will continue to produce SolarWorld panels. A Sunpower P-Series production line is being installed, with production scheduled to begin in the first quarter of 2019.
Photon of October 3rd
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The SolarWorld plant would have a cell production capacity of 450 MW and a panel capacity of 560 MW. It would employ 900 people.
By producing in the United States, Sunpower obtains a Section 201 duty exemption from the US administration for its back-contact solar panels.
The company has not indicated what it intends to do with the cell production capacity. It has not indicated whether it has the capital to make the acquisition. According to PV Magazine, it had $257 million in cash at the end of June. In addition, it had $360 million from the sale of 8point3 and $25 million from the sale of the microinverters to Enphase. It sold 4.7 GW of power plant projects to Clearview Energy Partners.
PV Magazine, October 2
