Maxeon lands deal to supply 315MW of modules to Cypress Creek Renewables

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Cypress Creek Renewables will use the modules from Maxeon for solar plants in both Texas and Washington state. Image: Cypress Creek Renewables

Solar module supplier Maxeon Solar Technologies has bagged a contract to supply Cypress Creek Renewables with 315MW of its high-efficiency shingled bifacial Performance line solar modules in a multi-year deal.

The modules will be used by Cypress Creek Renewables for multiple solar projects in both Washington and Texas. The independent power producer (IPP) had previously ordered 48MW of the Performance line modules for other projects.

“This deal validates Maxeon’s strong position as a major module supplier into the large and growing US utility-scale market,” said its CEO Jeff Waters. The company has recently taken aim at the US commercial and industrial (C&I) market through a deal with performance assurance company Omnidian.

Sarah Slusser, CEO at Cypress Creek said: “Having a solid module partner at this time with a strong manufacturing presence provides our organisation with the comfort needed to turn our focus to a seamless project execution strategy.”

In August, Maxeon warned of manufacturing disruptions as a result of raw material and component cost increases from its suppliers, which could prevent it from delivering products to customers within required timeframes.

A month earlier, Sweden-based private equity firm EQT struck a deal to acquire Cypress Creek Renewables from investment firms HPS Investment Partners and Temasek. The company has 1.6GW of operating assets and has commercialised 11GW of projects since its inception in 2014.

14 June 2022
Join us in Napa to unlock the key to reliable PV module supply to the U.S. market in 2022 & 2023. We'll also be gathering the main players in the US solar market for some wine tasting!

Read Next

May 24, 2022
Nextracker will supply 1.5GW of its solar trackers to US independent power producer (IPP) Silicon Ranch as part of a new agreement between the companies.
PV Tech Premium
May 24, 2022
PV Tech Premium spoke with the Clean Energy Associates at this month's Intersolar regarding their traceability protocol, what it expects from ongoing legal battles in the US and the problem with European module procurement.
May 20, 2022
Solar module supplier Maxeon Solar Technologies has appointed Philippe Costemale as its new chief operating officer (COO).
May 16, 2022
Solar PV manufacturer Maxeon Solar Technologies is to begin selling home energy storage products after partnering with battery producer AlphaESS.
May 16, 2022
The world added record amounts of renewable energy last year with 295GW of capacity deployed, up 6% year-on-year, despite supply chain constraints, project delays and high commodity prices, according to the International Energy Agency (IEA), which also expects nearly 320GW to be deployed this year.  
May 13, 2022
Retail giant IKEA has partnered with US residential solar installer SunPower to offer home PV solutions in the US.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
June 7, 2022
Leonardo Royal London City, London, UK
Solar Media Events
June 14, 2022
Napa, USA
Solar Media Events
June 22, 2022
Sheraton Austin Hotel at the Capitol, Austin, Texas