Sun Power Philippines Will invest third facility for solar panels worth $2 Billion

SunPower Philippines Mfg. Limited (SPML), a branch of SunPower Corp. U.S.A. is planning to invest $2 billion for a third facility in the country, according to an insider.

Board of Investments (BOI) managing head Cristino L. Panlilio said that aside from the big investment, the new facility if located in the Philippines, will create 15,000 new jobs.

SunPower already has facilities in Laguna and Batangas. The other facility in Southeast Asia is in Malacca.

Panlilio said SunPower is looking for a 100-hectare land where they can build its factory and solar farm. He said the facility will not be near any of its existing facilities. Instead, Panlilio said they are offering land in Bataan and Camarines Sur.

Panlilio said that aside from the Philippines, SunPower is considering Vietnam, Malaysia, Indonesia and Thailand as possible locations for their fourth plant in Southeast Asia.

“The BOI together with PEZA (Philippine Economic Zone Authority) and the DOE (Department of Energy) are working in coming out with a competitive proposal to attract them to locate here,” Panlilio told reporters in an interview.

When asked what the edge of the Philippines is, Panlilio said “they are very impressed with Filipino workmanship, skills and talent.”

Panlilio said the firm will be using state of the art technology where they will be producing wafer fabricate Ingot processing, polysilicon wafer for assembler of solar cells and solar cells produce solar panels. They have also a proposal to put up a 50-MW solar farm for own need or allocated to grid.

SunPower reputedly owns the technology for most efficient generation of solar cells wherein the average efficiency capital is 22% versus 15% for others.

With their existing facilities here, they have solar cell and solar panel assemblies. If the third facility opens then they will be able to produce solar cell and plant.

Panlilio said the firm will be able to make their decision by the end of third quarter as to whether they will locate here or not.

SunPower is a global player in the solar industry. The company was founded in 1985 by Dr. Richard Swanson and his students while he was professor of electrical engineering at Stanford University.

SunPower Philippines Mfg. Limited, a branch of SunPower Corp. U.S.A. is a majority owned subsidiary of Cypress Semiconductor. SPML is the first wafer fab in the Philippines to manufacture ultra-high efficiency silicon solar cells. SunPower’s unique technology is also being applied to the manufacture of a wide range of leading-edge silicon opto-electronic devices for telecommunications and industrial applications.

Share on Google Plus

About Webber

I am among of the writers and administrators of this web site. I always on the heads up when it comes to Sports, Politics, Economy, Business, Physics, Mathematics, Technology, computers and NEWS all over the world that triggers ny eyes and interests. I am working as a volunteer with other 14 administrators, researchers, writers and contributors. We are a strong solid team. Join us and be among of the contributor with your name on each posted article.

    Anonymous or Google Comment
    Facebook Comment

YOU MAY LIKE TO READ

LEARN FOREX TRADING AND GET RICH

Investment Recommendation: Bitcoin Investments

Live trading with Bitcoin through ETORO Trading platform would allow you to grow your $100 to $1,000 Dollars or more in just a day. Just learn how to trade and enjoy the windfall of profits. Take note, Bitcoin is more expensive than Gold now.


Where to buy Bitcoins?

For Philippine customers: You could buy Bitcoin Online at Coins.ph
For outside the Philippines customers  may buy Bitcoins online at Coinbase.com