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SunPower names new CEO of Technologies subsidiary

SunPower research facility. Author: U.S. Department of the Interior. License: Creative Commons, Attribution-ShareAlike 2.0 Generic.

January 14 (Renewables Now) - SunPower Corp (NASDAQ:SPWR) has appointed Jeff Waters as CEO of the Technologies business unit, which includes the company’s global manufacturing, research and development (R&D) activities along with SunPower Solutions.

The announcement was made last week and Waters assumed the role immediately. Previously, he acted as the president and CEO of material sciences company Isola and has also served as senior vice president and general manager at Altera Corporation.

Meanwhile, Bill Mulligan, executive vice president of operations, will transition out of his role over the course of the year.

The appointment of Waters comes as SunPower is ramping its Next Generation Technology (NGT) cells and modules, for which the company expects to reach an annual production capacity of about 250 MW by the end of the year. SunPower noted that panels with a 72-cell format at 450 W will be supplied to initial commercial customer sites in the first quarter of 2019.

"When we reach full production, we expect that the cost per watt of the world's highest efficiency NGT cells and modules will be similar to mono-PERC technology, but with superior levelized cost of energy due to higher performance and durability," commented Tom Werner, SunPower CEO and chairman of the board.

In addition, SunPower will start full production of its Performance Series (P-Series) solar panels in Hillsboro, Oregon, in the coming weeks.

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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