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SunPower Announces Silicon Supply Agreement with DC Chemical

Jul 11 2006

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SunPower Corporation has announced that it has signed a multi-year polysilicon supply agreement with DC Chemical Co., Ltd. DC Chemical is Korea's leading chemical company with expertise producing gases used in polysilicon manufacturing.

Starting in 2008, the agreement calls for SunPower to purchase approximately $250 million of polysilicon over a four-year period from DC Chemical's new facility which is expected to manufacture 3000 metric tons of polysilicon per year. SunPower will support construction of the facility with a series of advanced payments over the next year. DC Chemical's polysilicon supply will provide a guaranteed source of raw material to make ingots for SunPower's high efficiency solar cells.

http://www.sunpowercorp.com/

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