By Alec Go
American solar firm Maxeon is planning to invest about $900 million in solar energy in the Philippines after its meeting with President Ferdinand R. Marcos Jr. in Washington D.C., according to Malacañang on Thursday.
Maxeon CEO Bill Mulligan said the investment could generate around 3,000 employment opportunities in the next few years.
“The Philippines has been incredibly important… it’s actually a strategic part of our company. And I want to thank you and I want to thank all of the government agencies for all of the help and the support for the 40 plus years that we’ve been in the country,” Mulligan said.
He added that they are eyeing the expansion of their engagement with the Philippine government, as well as their research and development facility in Cavite that opens 2,000 engineering jobs in the province.
The firm is the operator of the Maxeon and SunPower brands in the global market, including the United States, Canada, and Japan.
It has been operating as Sunpower Philippines Manufacturing Ltd in the country since 2003 with its first factory at the Laguna Technopark in 2004.
The Palace said it currently has seven projects in Biñan, Laguna in the fields of manufacturing information technology, and logistics.
