Solar Power signs supply deal with Chinese maker JA Solar
• To buy up to 60 Megawatts of solar cells
• ‘A true strategic relationship with strong mutual benefit’
Roseville, January 5, 2009
Source: CentralValleyBusinessTimes.com
http://www.centralvalleybusinesstimes.com/stories/001/?ID=10774
Roseville-based Solar Power Inc. (OTCBB: SOPW) says it has signed a contract with JA Solar Holding Co. Ltd. (NASDAQ: JASO) for up to 60 Megawatts of polycrystalline photovoltaic cells. Solar Power says it needs the cells to meet increased customer demand in Europe, Asia, and for turnkey systems in the United States. The cells will go into SPI’s solar modules. Based in Hebei, China, JA Solar is one of the world’s largest producers of high-performance solar cells.
“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,” says Steve Kircher, CEO of Solar Power. “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.” He says the contract should put the company and its franchise holders in a strong position to compete on price.