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SunPower Signs 10 Year Silicon Supply Agreement

SunPower Corporation (Nasdaq: SPWR) has signed a 10-year silicon supply agreement with Hemlock Semiconductor Corporation with deliveries beginning in 2010. The silicon supplied by this agreement is expected to support more than two gigawatts of solar cell production by SunPower at planned silicon utilization rates over that period. “Our new Hemlock agreement adds another long-term component to SunPower’s silicon supply portfolio strategy as we expand our high-efficiency solar cell production,” said Tom Werner, SunPower CEO. “SunPower is seeking to achieve economies of scale that will contribute to our goal to reduce installed solar system costs by 50 percent between 2006 and 2012. We look forward to an extended relationship with Hemlock, the world’s largest manufacturer of polysilicon.” Website: [sorry this link is no longer available]     

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