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Published on December 2nd, 2014 | by Zachary Shahan

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SunPower’s Solar Panel Manufacturing Capacity To Triple In 5 Years

December 2nd, 2014 by  


Originally published on Solar Love.

TOM-WERNER-cmykOne of the world’s largest solar cell and solar panel manufacturers, SunPower*, is looking primed to take advantage of continued, massive solar power growth. Recently, SunPower President and CEO Tom Werner noted that he expects the solar industry to be a $5 trillion industry within 20 years. I wouldn’t bet against that.

Aiming to take advantage of that growth as much as possible, SunPower is currently planning to triple its solar panel manufacturing capacity over the next 5 years.

The company is known for its high-efficiency solar panels, the most efficient as well as most durable, most reliable, and best guaranteed on the market. Part of its massive manufacturing expansion will be for its high-efficiency solar panels, but part is also aimed at growing low-concentrating PV (LCPV), presumably to diversify its focus and also claim an even larger portion of the fast-expanding solar market.

The expansion includes a 150 MW factory in South Africa, a 350 MW Fab 4 facility in the Philippines and a 800 MW Fab 5 facility, as well as 1,000 MW of capacity for LCPV production.

SunPower solar panel manufacturing growth plan


 

Showing how much things have changed for SunPower in recent years, Greentech Media reports:

Werner reminisced about building SunPower’s first fab in an old NEC hard disk drive manufacturing facility in the Philippines that “had to be torn apart” a decade ago. He said the 108-megawatt site “seemed massive at the time,” and he was concerned as to how to keep it filled to capacity.

Now, Werner notes, the company is going to effectively build 25 of those lines in the next five years. “We’re going for it,” he said.

“Going for it” seems like the perfect line to capture SunPower’s bet, based on its massive (but I’d say realistic) projections.

As part of its growth plans, SunPower also recently acquired solar inverter startup SolarBridge.

For more info, see sister site CleanTechnica’s reports on SunPower’s Q2 and Q3 financials calls.

*Full Disclosure: I own stock in SunPower.

Photo via UW-Madison 
 





 

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About the Author

Zach is tryin' to help society help itself (and other species). He spends most of his time here on CleanTechnica as its director and chief editor. He's also the president of Important Media and the director/founder of EV Obsession and Solar Love. Zach is recognized globally as an electric vehicle, solar energy, and energy storage expert. He has presented about cleantech at conferences in India, the UAE, Ukraine, Poland, Germany, the Netherlands, the USA, and Canada. Zach has long-term investments in TSLA, FSLR, SPWR, SEDG, & ABB — after years of covering solar and EVs, he simply has a lot of faith in these particular companies and feels like they are good cleantech companies to invest in. But he offers no professional investment advice and would rather not be responsible for you losing money, so don't jump to conclusions.



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