Solar Power, Inc. and JA Solar to Enter Agreement for up to 60 Megawatts of Cells in 2009
JA Solar commits to sell up to 60 megawatts of polycrystalline photovoltaic cells to Solar Power, Inc to meet growing demand for its modules and systems.
Roseville, CA, January 5, 2009
Source: Solar Power Inc, press release
http://www.solarpowerinc.net/PressReleaseID=45
Solar Power, Inc. has entered into a one-year supply agreement with JA Solar Holding Co., Ltd. (“JA Solar”). JA Solar has committed to supply up to 60 megawatts of its 6” polycrystalline photovoltaic (“PV”) cells based on monthly requirements from SPI. Based in Hebei, China, JA Solar is one of the world’s top producers of high-performance solar cells. The cells will be used for the ongoing production of SPI’s solar modules and to meet growing demand for the company’s products in Europe, Asia, and for turnkey systems in the United States. Supply to SPI begins immediately.
“We are excited about our agreement with JA Solar. Their products are known for quality and performance and we are very fortunate to be able to integrate them into our own,” said Steve Kircher, CEO Solar Power, Inc. “This is a true strategic relationship with strong mutual benefit. It will allow us to leverage our vertical integration business model through a significant amount of supply and we will be able to offer competitive pricing that we believe is unprecedented,” Mr. Kircher added. “It also provides our SPI
commercial operations and our growing Yes! Solar SolutionsTM franchise network with strong advantages in cost of installation and will have a significant positive effect on our competitive position relative to international sales,” Mr. Kircher concluded.
The agreement provides SPI with immediate supply of high-quality cells to meet anticipated production requirements of the company’s family of solar modules during 2009. “We are happy to be providing Solar Power, Inc. with cells for their high-quality PV modules,” said Mr. Samuel Yang, CEO of JA Solar Holding Co., Ltd. “This agreement represents a strategic alliance between our company and one of the leading solar solution providers in the world today. Through SPI we will be able to expand sales of our cells and gain deeper penetration into the U.S. market.”
About Solar Power, Inc.:
Founded in 2005, Solar Power, Inc. is a vertically integrated solar energy solution provider offering the North American residential, commercial and public sector building markets a complete solution through a single brand. With a state of the art manufacturing facility in Shenzhen, China, Solar Power, Inc. provides turnkey design-build solutions through its Roseville, California headquarters and a growing retail distribution network.
About JA Solar Holdings Co., Ltd.:
Based in Hebei, China, JA Solar Holdings Co., Ltd. is a manufacturer of high- performance solar cells. The company sells its products to solar module manufacturers who assemble and integrate its solar cells into modules and systems that convert sunlight into electricity. For more information, please visit http://www.jasolar.com.