CALIFORNIA COMPANY SIGNS EUROPEAN SOLAR DEAL
SUNNYVALE - 07/01/04 - The SunPower Corporation has formed a distribution partnership with SunTechnics - a solar energy development company based in Freiburg, Germany - giving the German firm exclusive rights to market $40 million to $75 million of select SunPower high-tech photovoltaic products in the European Union through 2005.
Made in Germany, SunTechnics' two new solar power modules that have conversion efficiencies of more than 20% - a figure confirmed by tests conducted at the US Department of Energy's National Renewable Energy Laboratory in Colorado.
Higher module efficiency allows homeowners to install more kilowatts of solar power in a given area, optimizing roof space for solar-power generation.
The collaboration between SunTechnics and SunPower will produce total volume in the double-digit megawatt range. The first consignments will be available in the third quarter 2004, according to a company spokesman.
The deal was signed at the recent INTERSOLAR 2004 trade show in Germany.
SunPower is a majority-owned subsidiary of Cypress Semiconductor Corp. and designs and manufactures high-performance silicon solar cells based on an inter-digitated all-back-contact design.
The company's initial products were put to use in a variety of high-performance applications, including the NASA-sponsored AeroVironment airplane, "Helios," that flew to a record altitude of 96,863 feet in August 2001.
Earlier this year, the SunPower completed construction of a new facility in the Philippines, which recently delivered its first batch of A-300 solar cells.
The SPML plant, located near Manila, is the first semiconductor fab in the Philippines and the first large-scale solar cell facility in Southeast Asia.
The plant is expected to turn out 25 megawatts per year of high-efficiency silicon solar cells and is designed to allow future capacity expansion to more than 100 megawatts.
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