{"id":39125,"date":"2020-04-22T08:28:58","date_gmt":"2020-04-21T21:58:58","guid":{"rendered":"https:\/\/www.solarquotes.com.au\/blog\/?p=39125"},"modified":"2020-04-22T08:28:58","modified_gmt":"2020-04-21T21:58:58","slug":"sunpower-panel-manufacturing-mb1495","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/sunpower-panel-manufacturing-mb1495\/","title":{"rendered":"SunPower Idling Solar Panel Manufacturing Plants"},"content":{"rendered":"

\"SunPower<\/p>\n

The COVID-19 pandemic has forced solar panel manufacturer SunPower to temporarily put the brakes on production of cells and modules.<\/p>\n

On April 20 (local time), SunPower announced in a filing<\/a> to the United States Securities And Exchange Commission additional actions it was taking to address financial and operational impacts of the COVID-19 situation.<\/p>\n

Among them is notification of recent idling of the company\u2019s factories in France, Malaysia, Mexico, the Philippines, and the U.S. SunPower says it expects the facilities will be operational again “in the coming weeks” and that it has enough existing inventory to meet customer requirements.<\/p>\n

Other actions include five SunPower executives taking a haircut on their base salaries, among them President and CEO Tom Werner whose salary has been slashed by 50%. The other executives have had their salaries slashed 35% – 50%.<\/p>\n

The filing also notes a $55 million credit revolver remains untouched and SunPower anticipates its existing tax equity and debt capacity will be enough to fund all projects throughout the remainder of this year.<\/p>\n

SunPower Split Still On Schedule<\/h2>\n

In November last year, SunPower announced<\/a> it was to spin off much of its solar panel manufacturing into a new company called Maxeon Solar Technologies. SunPower will subsequently primarily focus on product innovation, solar power system installations, plus storage and energy services.<\/p>\n

According to the SEC filing, the company remains on track to complete the split into two independent, publicly traded companies by the end of the second quarter of 2020; assuming the required regulatory approvals and the satisfaction of certain closing conditions.<\/p>\n

In late March, SunPower withdrew its previously provided fiscal year 2020 financial guidance as it wasn’t in a position to judge the effects of COVID-19; but remained confident of a bright future.<\/p>\n

“We are committed to taking every action within our control to manage our business and serve our customers both now and when the industry recovers,” said<\/a> Tom Werner at the time. “We have the industry’s best technology and are continuing to invest in our innovative product suite including our storage and digital solutions.”<\/p><\/blockquote>\n

While SunPower has hit a hopefully very temporary wall, solar panel manufacturers in China have been rapidly ramping up production again. An example is JinkoSolar, which stated<\/a> its capacity utilisation rate had already recovered to 100% by mid-March. The company said it was sticking by its full year 2020 shipment guidance and capacity expansion plans.<\/p>\n","protected":false},"excerpt":{"rendered":"

The COVID-19 pandemic has forced solar panel manufacturer SunPower to temporarily put the brakes on production of cells and modules.<\/p>\n","protected":false},"author":17,"featured_media":39126,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[678],"tags":[],"class_list":["post-39125","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar-battery-news","entry"],"acf":[],"yoast_head":"\nSunPower Idling Solar Panel Manufacturing Plants - SolarQuotes Blog<\/title>\n<meta name=\"description\" content=\"The COVID-19 pandemic has forced solar panel manufacturer SunPower to temporarily put the brakes on production of cells and modules.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.solarquotes.com.au\/blog\/sunpower-panel-manufacturing-mb1495\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SunPower Idling Solar Panel Manufacturing Plants\" \/>\n<meta property=\"og:description\" content=\"The COVID-19 pandemic has forced solar panel manufacturer SunPower to temporarily put the brakes on production of cells and modules.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.solarquotes.com.au\/blog\/sunpower-panel-manufacturing-mb1495\/\" \/>\n<meta property=\"og:site_name\" content=\"SolarQuotes Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/SolarQuotes\/\" \/>\n<meta property=\"article:published_time\" content=\"2020-04-21T21:58:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/04\/sunpower-panel-production.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Michael Bloch\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@solar_quotes\" \/>\n<meta name=\"twitter:site\" content=\"@solar_quotes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/sunpower-panel-manufacturing-mb1495\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/sunpower-panel-manufacturing-mb1495\\\/\"},\"author\":{\"name\":\"Michael Bloch\",\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/#\\\/schema\\\/person\\\/66afd571aa00c2e442f0192ebac2f6f1\"},\"headline\":\"SunPower Idling Solar Panel Manufacturing Plants\",\"datePublished\":\"2020-04-21T21:58:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/sunpower-panel-manufacturing-mb1495\\\/\"},\"wordCount\":399,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/sunpower-panel-manufacturing-mb1495\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/wp-content\\\/uploads\\\/2020\\\/04\\\/sunpower-panel-production.jpg\",\"articleSection\":[\"General Solar & Storage News\"],\"inLanguage\":\"en-AU\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/sunpower-panel-manufacturing-mb1495\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/sunpower-panel-manufacturing-mb1495\\\/\",\"url\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/sunpower-panel-manufacturing-mb1495\\\/\",\"name\":\"SunPower Idling Solar Panel Manufacturing Plants - 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When SunPower unveiled plans in 2019\u00a0\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"SunPower Hillsboro solar manufacturing closure","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/01\/sunpower-hillsboro.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/01\/sunpower-hillsboro.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/01\/sunpower-hillsboro.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/01\/sunpower-hillsboro.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/01\/sunpower-hillsboro.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":61867,"url":"https:\/\/www.solarquotes.com.au\/blog\/maxeon-alphaess-sunpower-mb2474\/","url_meta":{"origin":39125,"position":2},"title":"Maxeon Hooks Up With AlphaESS For SunPower One","author":"Michael Bloch","date":"May 16, 2022","format":false,"excerpt":"High-end solar panel manufacturer Maxeon has made an interesting choice of energy storage and EV charging solutions partner - AlphaESS. On May 5, Maxeon \"unveiled\" the SunPower One integrated home energy solution, stating: \".. the Maxeon's SunPower One solution goes beyond simple monitoring to proactively advise homeowners on ways to\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Maxeon and AlphaESS - SunPower One","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/05\/alpha-ess-maxeon-sunpower.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/05\/alpha-ess-maxeon-sunpower.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/05\/alpha-ess-maxeon-sunpower.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/05\/alpha-ess-maxeon-sunpower.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/05\/alpha-ess-maxeon-sunpower.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":25509,"url":"https:\/\/www.solarquotes.com.au\/blog\/jinko-trina-sunpower-mb0806\/","url_meta":{"origin":39125,"position":3},"title":"JinkoSolar, SunPower And Trina Solar Announcements","author":"Michael Bloch","date":"October 31, 2018","format":false,"excerpt":"Three of the world's biggest solar panel manufacturers have published announcements in the last couple of days relating to significant solar projects, two of which are in Australia. JinkoSolar - Maoneng Sunraysia Solar Farm, NSW JinkoSolar announced today it is supplying 255MW of its solar panels for the Maoneng Sunraysia\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Trina Solar, SunPower and JinkoSolar","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/10\/trina-sunpower-jinko.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/10\/trina-sunpower-jinko.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/10\/trina-sunpower-jinko.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":5420,"url":"https:\/\/www.solarquotes.com.au\/blog\/sunpower-grabs-lead-bid-efficient-solar-panel\/","url_meta":{"origin":39125,"position":4},"title":"Sunpower grabs lead in bid for most efficient solar panel","author":"Staff Writer","date":"March 3, 2016","format":false,"excerpt":"It\u2019s on for young and old in the battle for the prestigious title of the most efficient solar panel. For a number of weeks we\u2019ve brought you commentaries on the remarkable breakthroughs achieved by Trina (here and here). Now Sunpower \u2014 the French-owned, US-based solar panel manufacturer \u2014 has stepped\u2026","rel":"","context":"In "Solar Panels"","block_context":{"text":"Solar Panels","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-panels-2\/"},"img":{"alt_text":"sunpower solar panels efficiency","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2016\/03\/sunpower-efficiency-win.jpg?resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2016\/03\/sunpower-efficiency-win.jpg?resize=350%2C200 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2016\/03\/sunpower-efficiency-win.jpg?resize=525%2C300 1.5x"},"classes":[]},{"id":28554,"url":"https:\/\/www.solarquotes.com.au\/blog\/sunpower-maxeon-3-australia-mb0968\/","url_meta":{"origin":39125,"position":5},"title":"SunPower Announces 400W Solar Panel Availability In Australia","author":"Michael Bloch","date":"March 11, 2019","format":false,"excerpt":"The first 400 watt solar panel for the Australian residential market is now available from SunPower - the Maxeon 3. Featuring SunPower's Maxeon cells, the SPR-MAX3-400 has a conversion efficiency of 22.6%, which is assumed to be under standard test conditions (ambient air temperature of 25C, solar irradiance of 1000\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"SunPower 400 watt solar panel","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/03\/sunpower-400w-panel.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/03\/sunpower-400w-panel.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/03\/sunpower-400w-panel.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/03\/sunpower-400w-panel.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/03\/sunpower-400w-panel.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/39125","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/comments?post=39125"}],"version-history":[{"count":2,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/39125\/revisions"}],"predecessor-version":[{"id":39128,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/39125\/revisions\/39128"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media\/39126"}],"wp:attachment":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media?parent=39125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/categories?post=39125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/tags?post=39125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}