SunPower Corporation (Nasdaq: SPWR), a Silicon Valley-based manufacturer of solar cells, solar panels and solar systems, announced a new polysilicon supply agreement that it says is sufficient to manufacture more than 3 gigawatts (GW) of solar cells.
SunPower said, starting in 2010 and continuing through 2016, it has contracted to purchase increasing volumes of polysilicon from Jupiter Corp., Ltd., a sales office of Qingdao DTK Industries Co., Ltd.
According to the SunPower release, Jupiter, Qingdao DTK will build a new polysilicon manufacturing facility in Qingdao, China, in order to produce the polysilicon that will be supplied under the terms of this agreement.
About SunPower
SunPower Corporation designs, manufactures and delivers high-performance solar electric systems worldwide for residential, commercial and utility-scale power plant customers. SunPower says its solar cells and solar panels generate up to 50% more power than conventional solar technologies and have a uniquely attractive, all-black appearance. 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).
About Jupiter, Qingdao DTK Industries Co. Ltd.
Jupiter Corporation Ltd., a sales office of Qingdao DTK Industries Co. Ltd., is a wholly owned and operated European company belonging to the Sohal Family. Affiliate companies include Chinese manufacturing plants which includes construction, uniform supply to the service industries and managed services for multinationals in Europe.
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