BP Solar, a unit of BP (NYSE: BP), announced Friday an agreement with Jabil Circuit, Inc. (NYSE: JBL) to manufacture BP Solar modules for the European market in Jabil’s plant in Poland. The agreement calls for an initial capacity of 45 megawatts (MW) in 2009 with the opportunity for expansion as demand increases.
“We have selected Jabil as our partner to help bring down the cost of manufacturing BP’s proprietary solar products,” said Reyad Fezzani, CEO of BP Solar. He noted that Jabil has a strong track record of successfully working with customers in Solar and a broad range of similar industries.
Michael Petrucci, vice president of global operations, BP Solar said, “This partnership with Jabil, is part of our overall strategy to become more cost competitive and nimble by moving to a model of regional assembly and demand fulfillment centers, leveraging the scale of materials and production capacity.”
Fezzani said, “While economic conditions have slowed growth in the past year, we have seen a significant uptick this past quarter. We expect that to continue.”
In June, SunPower Corp. (Nasdaq: SPWRA; SPWRB) signed a multi-year manufacturing agreement with Jabil to begin maufacturing solar panels in Mexico.
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