Another Shocking News: Sunpower announces to shut down it’s Oregon Module Factory in June

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US-based PV module manufacturer Sunpower Corp. decided to close its module plant in Hillsboro, Oregon, which it had acquired from Solarworld Americas, the US arm of insolvent German panel maker SolarWorld, in October 2018.

Restructuring costs ranging from $10 million to $12 million are assumed, of which up to €5 million are calculated for severance payments, with the rest being costs for the termination of real estate leases, closure and other related costs.

Sunpower hopes to complete restructuring in the third quarter.

IMAGE SOURCE: GOOGLE