SunPower Corp. (SPWR), on Thursday said it has entered into a $330 million product supply contract with PowerLight Corp., a privately-held global provider of solar systems, calling for the delivery of solar panels from 2005 through 2009.
The contract covers a variety of SunPower solar products to be incorporated into PowerLight projects worldwide, as well as in their home state of California. A significant product covered under the contract is a custom-designed solar panel used in PowerLight’s SunTile(TM) roof integrated system for new home construction.
Sunpower said that volume deliveries under the contract will begin in 2006 and ramp up with its planned capacity expansion.
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