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SunPower inks polysilicon supply deals

Posted: 21 Jan 2008 ?? ?Print Version ?Bookmark and Share

Keywords:polysilicon agreement? solar cell? silicon supply?

SunPower Corp. has closed two polysilicon agreements to be supplied by a new polysilicon plant located in Saudi Arabia. The two agreements will support in aggregate 2500MW of solar cell production.

The company signed a polysilicon purchase agreement with NorSun AS and another with NorSun and its partners, who are forming a joint venture company to construct a new polysilicon plant in Saudi Arabia. Each agreement anticipates polysilicon delivery to begin in 2010 and extend through 2019.

"SunPower continues to develop new sources of polysilicon," said PM Pai, chief operations officer of SunPower. "We are building a diverse portfolio of intermediate and long-term silicon supply contracts that support SunPower's cost reduction roadmap. Economies of scale in our supply chain, manufacturing and channel development will drive down installed solar system costs by 50 percent by 2012."

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