SunPower received a US$2.5 million investment from the Texas Enterprise Fund (TEF), which has led the company to not only plan a new office in Austin, Texas, but also create 450 jobs in the region over the next four years. The investment has a current condition awaiting finalization of a local incentive agreement with the City of Austin.
“We applaud Governor Perry, Mayor Leffingwell and state and city officials who are aggressively working to offer SunPower economic incentives to expand our operations to Austin and create hundreds of jobs,” said SunPower CEO Tom Werner. “Texas has great potential to become a significant solar market. If policies creating a stable solar market across Texas are enacted, this commitment by SunPower could be the start of significantly more investment and job creation in the state by the rapidly growing solar industry.”
SunPower chose Austin for its experience in the semiconductor industry coupled with academic institutions that support a strong workforce. The company’s Austin office will support marketing, legal and finance operations.