SunPower Signs Up 2.5GW of Polysilicon Supply (from Saudi Arabia)

[jpak]

http://www.solarbuzz.com/News/NewsNACO689.htm

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

SunPower 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 Corp. "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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[Ian David]

1. Great. Now we're going to be at the mercy of OSEC....

Organization of the Solar Exporting Countries.

Thanks, Republickers!