Authorities and other relevant parties in the city of Austin had to pit their office space against that of rival states from across the country to win the deal that will see SunPower carry out its domestic expansions nearby.
The office space deals presented by Austin to SunPower were compelling enough to catch the eye, and it surely didn’t hurt that the city is in one of the driest and sunniest states in America.
Around 450 jobs are now expected to be created in and around Austin, with several million dollars to be invested into the development of a “major new office site” in the region.
“Texas has great potential to become a significant solar market,” noted Tom Werner, SunPower’s chief executive.
“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,” he added.
In other Texas office space news, the finance company Invesco recently agreed to a deal committing it to renting a portion of newly renovated real estate in Houston for at least another 10 years.
Editor’s notes: In May 2023, SunPower occupied two office buildings in Austin. SunPower’s corporate headquarters are located on Amberglen Boulevard, and the company also rents office space on Waterford Centre Boulevard.
In 2022, the company posted revenues of $1.74 billion, an increase from 2021’s $1.32 billion.
The company advises on its website that Austin enjoys 228 sunny days each year and that 89 per cent of its buildings are solar-viable, which led to the city being voted the 21st-best solar city in the U.S. in 2020.
In June 2026, SunPower remained in occupation on Amberglen Boulevard and Waterford Centre Boulevard.
In May 2026, SunPower announced that its subsidiary Cobalt Power Systems had completed three solar photovoltaic systems at Santa Clara University in California, with an installed capacity of 1.2 megawatts. The scheme was expected to generate more than 2.1 million kilowatt-hours of clean electricity annually.
SunPower had reported a fiscal revenue of $300.0 million in 2025.