SunPower to axe jobs and close facilities as Italy takes its toll

US solar group SunPower will slash 85 jobs and close some of its facilities in Europe as changes to Italy's feed-in tariff (FIT) continue to claim new victims.

The announcement – made on the same day as oil giant Total completed its $1.3bn acquisition of 60% of SunPower – will see about 2% of the solar company’s workforce sent packing.

Many module makers and developers – and SunPower is both – have been squeezed by Milan’s recent decision to shift the Italian PV market away from large-scale arrays under its new FIT regime.

Few others, however, have pushed as fast and hard into Italy as SunPower.

In recent years roughly one-third of its business has come from Italy, where the Log in to read complete article.

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