Maxeon Solar Technologies Converts Kering's Logistics Center Into 12.7MW Rooftop PV System

Author: Anusuya Lahiri | June 04, 2021 06:45am

Maxeon Solar Technologies Ltd’s (NASDAQ:MAXN) solar technology will power the newly constructed international logistics hub of the global luxury group Kering SA (OTC:PPRUF), which manages the development of multiple renowned Houses in Fashion, Leather Goods, Jewelry, and Watches.
The installation located in Trecate, Northern Italy, will become a significant rooftop European Photovoltaic (PV) system with a peak output of 12.7 megawatts (MW) from over 31,000 SunPower Corp (NASDAQ:SPWR) brand solar panels after completion by August 2021.
The Trecate rooftop array will be installed on two adjacent buildings and cover over 55,160 square meters in total.
Maxeon estimated the installation to supply over 13.5 GWh of clean electricity and mitigate over 7,500 tons of carbon dioxide emissions annually.
Price action: MAXN shares closed lower by 3.49% at $15.47 on Thursday.