SunPower To Begin U.S. Production Soon

SunPower Corp (SPWRA.O) plans to begin producing solar panels in the U.S. in about a year, according to a Reuters report.

California, Texas, New Mexico and Arizona are all possible locations for the company’s first U.S. manufacturing facility, CEO Tom Werner told the Reuters Global Climate and Alternative Energy Summit in San Francisco.

The San Jose, California-based company currently assembles solar panels in the Philippines and China, and has a contract with Jabil Circuit (NYSE: JBL) for production in Mexico. 

Werner said the U.S. facility would produce up to a quarter of the company’s solar panel capacity.

Read the Reuters report at the link below.