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Manila Bulletin devider Philippines devider National devider US solar firm seeks PH expansion: $900M investment, 3k jobs

US solar firm seeks PH expansion: $900M investment, 3k jobs

Published May 3, 2023 03:58 am
United States (US)-based solar energy firm Maxeon plans to make a $900 million solar energy investment in the Philippines that would create an estimated 3,000 jobs. (Photo from the Presidential Communications Office)
The company, which operates under the name of Sunpower Philippines Manufacturing Ltd., is a global leader in solar technology and innovation. This was announced during President Ferdinand “Bongbong” Marcos Jr.’s and his delegation’s meeting with officials of Maxeon in Washington D.C. on Tuesday, May 2 (US time). The President met with business leaders in a series of meetings at the Blair House in a bid to attract more investments to the country. In a statement released by the Presidential Communications Office (PCO), Bill Mulligan, chief executive officer (CEO) of Maxeon which operates the SunPower brand in all global markets including in the US, Canada and Japan, revealed that the investment would provide more than 3,000 jobs in the next few years. During the meeting, Mulligan expressed his company’s confidence on the Marcos administration, citing this as reason his company plans to expand in the Philippines. “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,” he said. So far, Maxeon Sunpower has started the expansion of their research and development (R&D) facility in Cavite, providing around 2,000 engineering jobs in the area. The company first opened in the country in 2003 and opened its first factory at the Laguna Technopark in Biñan City in 2004. It has seven projects in Biñan in the manufacturing, IT, and logistics. It has also trained a skilled local workforce of managers and solar engineers in the Philippines numbering more than 1,000. Aside from Marcos, the delegation consists of former President and Senior Deputy Speaker Gloria Macapagal-Arroyo, House Speaker Martin Romualdez, Trade Secretary Alfredo Pascual, Finance Secretary Benjamin Diokno, Special Assistant to the President Secretary Antonio Ernesto Lagdameo Jr., Philippine Ambassador to the United States Jose Manuel Romualdez, and Trade Undersecretary Ceferino Rodolfo.

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investment solar energy United States Maxeon President Marcos Bill Mulligan
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