SunPower and REC Group sign development agreement to build US residential solar panels

SunPower and REC Group's joint development agreement (JDA) to develop high-powered solar panels for the US residential market signifies a strategic move to capitalize on the growing demand for efficient and advanced solar solutions. The collaboration aims to produce panels including a 470W panel and a 500-plus watt bifacial solar panel, potentially enhancing energy generation capabilities for homeowners. This partnership leverages the strengths of both companies: SunPower's expertise in solar technology and energy services, and REC Group's focus on high-efficiency panel manufacturing and sustainability. While the financial terms of the agreement are undisclosed, the JDA's focus on developing high-wattage panels suggests a commitment to innovation and competitiveness within the US residential solar market. The agreement, announced for 2026, indicates a long-term strategic vision for both companies. The success of this collaboration will depend on the ability of SunPower and REC Group to effectively integrate their technologies and navigate the evolving regulatory landscape of the US solar market.