SAN JOSE, Calif., Aug 22, 2007 /PRNewswire-FirstCall via COMTEX News Network/ --
SunPower Corporation (Nasdaq: SPWR), a Silicon Valley-based manufacturer of high-efficiency solar cells, solar panels and solar systems, today reiterated its guidance for 2008.
Supporting that guidance, SunPower expects to have silicon sufficient to generate 250 megawatts or more of solar cell production in 2008. SunPower buys silicon using a portfolio strategy that combines polysilicon, ingot and wafer procurement from a variety of suppliers under a variety of contract terms and durations.
"SunPower prudently plans for our silicon procurement from a variety of suppliers with an approach designed to anticipate manufacturing ramp rates," said Tom Werner, chief executive officer at SunPower Corp. "We match our solar cell manufacturing expansion and production plans to our silicon supply to allow for maximum utilization of our manufacturing capacity. By rapidly scaling from Fab 1, now in full production, to Fab 2 beginning this quarter, SunPower expects to achieve economies of scale that will contribute to our goal to reduce installed solar system costs by 50 percent by 2012."
About SunPower
SunPower Corporation (Nasdaq: SPWR) designs, manufactures and delivers high-performance solar electric systems worldwide for residential, commercial and utility-scale power plant customers. SunPower high-efficiency solar cells and solar panels generate up to 50 percent more power than conventional solar technologies and have a uniquely attractive, all-black appearance. With headquarters in San Jose, Calif., SunPower has offices in North America, Europe and Asia. For more information, visit www.sunpowercorp.com. SunPower is a majority-owned subsidiary of Cypress Semiconductor Corp. (NYSE: CY).
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