SunPower to build third solar cell plant (1+ GW/year, Malaysia)

[jpak]

http://media.cleantech.com/2847/sunpower-to-build-third-solar-cell-plant

San Jose, Calif.-based SunPower (Nasdaq: SPWR) announced today that it would build a third solar cell fabrication plant in Malaysia, expected to have a nameplate capacity of more than 1 gigawatt of annual production.

The company's first two solar cell plants are in the Philippines.

"The scale and breadth of our Fab 3 campus in Malaysia will be a core element of our technology and manufacturing roadmap that drives us to our 50 percent cost reduction plan by 2012," said Tom Werner, CEO of SunPower.

"Malaysia offers us highly educated workers, a receptive business investment climate and the opportunity to significantly expand our production as the demand for our solar systems continues to escalate worldwide."

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