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Sad day for Solar in America
#1
First Solar is going to stop producing solar panels.
Or did I miss read the news?



https://ca.finance.yahoo.com/news/sunpow...44606.html
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#2
Quote:The company is spinning off its panel production operations into a new company, Maxeon Solar, that will be based in Singapore with factories in France, Malaysia, Mexico and the Philippines, according to a statement Monday. As part of the deal, a Chinese supplier of silicon wafers will make a $298 million equity investment, valuing Maxeon at $1.03 billion.

So much for Trump making solar panels american made. I knew it was going to happen in due time that the local companies would start having issues.

Quote:The spin-off means the U.S. is losing a major panel maker just as U.S. President Donald Trump tries to preserve solar manufacturing jobs at home. The Trump administration imposed tariffs on solar equipment imports last year in an effort to provide domestic manufacturers with a level playing field. SunPower had won an exemption to the duties for the panels it made overseas because of the premium, high-efficiency nature of its products.

So they get a discount on the parts from China whereas non-panel makers have to pay a premium for them. Seems like a move to force people to install US made panels. What a dirty move.
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#3
Using slave labor (aka 10 times cheaper) definitely allows you to redirect more $ into the quality of the product...at least in theory.
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