Solar Power, Inc. (SPI) (OTCBB:SOPW) and China-based JA Solar Holding Co., Ltd. (NASDAQ:JASO) have entered into a one-year supply agreement. JA Solar will supply up to 60 megawatts (MW) of its 6” polycrystalline photovoltaic (PV) cells based on monthly requirements from SPI.
The cells will be used for the ongoing production of SPI’s solar modules and to meet growing demand for the company’s products in Europe, Asia, and for turnkey systems in the United States. Supply to SPI begins immediately.
The agreement provides SPI with immediate supply of high-quality cells to meet anticipated production requirements of the company’s family of solar modules during 2009.
Founded in 2005, Solar Power, Inc. is a vertically integrated solar energy solution provider to the North American residential, commercial and public sector markets. With a manufacturing facility in Shenzhen, China, Solar Power, Inc. provides turnkey design-build solutions through its Roseville, California headquarters and a growing retail distribution network.
Based in Hebei, China, JA Solar Holdings Co., Ltd. sells its products to solar module manufacturers who assemble and integrate its solar cells into modules and systems that convert sunlight into electricity.
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