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Maxeon Solar Technologies to Supply TotalEnergies with up to 400MW of High-Efficiency Solar Modules for its Danish Fields Project in Texas

Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN ), a global leader in solar innovation and channels, announced today that it has executed an agreement to supply up to 400 megawatts of its high-efficiency bifacial Performance 5 UPP solar panels for the construction of the Danish Fields Solar power plant project located near Houston, Texas, United States (U.S.). The project will require modules to be delivered in late 2022 through Q3 2023.

Maxeon's 21 percent efficiency Performance 5 UPP solar panels deliver exceptional value due to a proprietary shingled design that improves reliability and efficiency, enhances durability to reduce system life energy cost, and outperforms conventional panel yield in real-world conditions such as partial shading and elevated temperatures. Uniquely suited for the needs of power plant developers, the Performance 5 UPP modules are part of a comprehensive, high-efficiency product portfolio. Maxeon anticipates next-generation Performance line modules to be available in 2022. These next-generation Performance line modules will continue to set Maxeon's technology apart from other utility-scale modules available.

"We commend TotalEnergies for using our high-performance modules to ensure long-term value and low carbon power for homes and business in Texas ," said Jeff Waters, CEO of Maxeon Solar Technologies. "Innovation and proven performance are hallmarks of our advanced Performance technology, which powers more than seven gigawatts of installations around the world today. Furthermore, our transparency and commitments as a module provider play a vital role in ensuring that companies, like TotalEnergies, can maintain their competitiveness and project execution timelines. We see big opportunities in the power plant market in the United States and elsewhere and believe Maxeon is uniquely positioned to provide owners and operators with maximized energy production and reliable, long-term return on investment."

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The Danish Fields Solar power plant project expects to take advantage of Maxeon's new Performance line module capacity to serve the U.S. solar power market. This line will utilize the production of large-format G12 mono-PERC solar cells by Maxeon in Malaysia, with module assembly in Maxeon's facility in Mexicali, Mexico.  

Source: Maxeon Solar Technologies, Ltd.
Date: Nov 17, 2021

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