SunPower Corporation (Nasdaq: SPWR) has signed a five-year supply agreement for silicon ingots and wafers.
The silicon Valley-based manufacturer of solar cells, solar panels and solar systems, today announced that it has signed an agreement with Jiawei SolarChina Co., Ltd. for a supply of monocrystalline silicon ingots and silicon wafers.
Jiawei is affiliated with SunEnergy, SunPower’s solar panel assembly partner, and plans to scale its operations to 200 ingot pullers in Beijing, China.
According to a release, beginning in 2008, SunPower will purchase silicon in ingot and wafer forms to satisfy production requirements that represent more than 900 megawatts (MW) of solar cell production. SunPower will provide polysilicon to Jiawei during the life of this agreement.
“Our partnership with Jiawei will diversify our upstream supply chain,” said PM Pai, chief operating officer at SunPower Corp. “As we scale and expand our silicon supply base into China, we are pleased to extend our relationship with our partner, Jiawei.”
About SunPower
SunPower Corporation designs, manufactures and delivers solar electric systems worldwide for residential, commercial and utility-scale power plant customers. With headquarters in San Jose, Calif., SunPower has offices in North America, Europe and Asia. SunPower is a majority-owned subsidiary of Cypress Semiconductor Corp. (NYSE: CY – News).
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