Wednesday, February 20, 2008

SunPower to Get Polysilicon From Qingdao

SunPower Enters Six-Year Polysilicon Supply Agreement With Qingdao for Undisclosed Terms
February 14, 2008: 10:34 AM EST

NEW YORK (Associated Press) - SunPower Corp. said Thursday it has entered a six-year polysilicon supply agreement with Qingdao DTK Industries Co.

The solar-power product maker will receive enough polysilicon supplies to produce solar cells with over three gigawatts of annual generating capacity. Supplies will be delivered from 2010 through 2016.

The companies did not disclose pricing terms.

A one-megawatt plant running continuously at full capacity can power 778 households each year, according to the U.S. Department of Energy. Solar technology has lower capacity since its power generation is constrained by availability of the sun.

China-based Qingdao will sell the products through its Jupiter Corp. Ltd. business.

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