SunPower Signs 32-Megawatt Supply Agreement With Toshiba

March 2, 2010 – Vol.14 No.50

SunPower Signs 32-Megawatt Supply Agreement With Toshiba.

SunPower Corp. has announced today that, under a strategic supply agreement, Toshiba Corporation will order 32 megawatts of high-efficiency solar panels from SunPower in 2010. The SunPower panels will form the cornerstone of Toshiba's new residential solar offering in Japan, to be launched on April 1.

"SunPower panels are particularly well suited to Japan's residential market, where the new Japanese feed-in-tariff rewards production of solar energy in excess of domestic consumption, but available roof area is typically quite small. SunPower high efficiency systems will allow more customers to take advantage of this incentive," said SunPower CEO Tom Werner.

SunPower almost doubled production of its high-efficiency solar cells and panels from 2008 to 2009, with 2009 cell production of approximately 400 megawatts. In 2010, the company intends to expand production further with new manufacturing operations in Malaysia, the United States and Europe.

SunPower Corporation, with headquarters in San Jose, California, SunPower has offices in North America, Europe, Australia and Asia. (3/1/10)

Links:

SunPower
http://www.sunpowercorp.com

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Disclaimer, Forward-Looking or Safe Harbor Statement on original press release: Yes