SunPower (SPWRA) Snags Supply Agreement With Toshiba

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09:30:55 am on March 1, 2010

SunPower just announced that it has signed a supply agreement with Toshiba Corporation for 32 MW wort of high-efficiency solar panels. Under the agreement, SunPower will supply the solar panels to Toshiba this year, and Toshiba will use them to offer residential solar power in Japan.

In a press release, SunPower CEO Tom Werner commented on the agreement:

“We welcome the opportunity to partner with Toshiba, a preeminent business leader in Japan and throughout the world. SunPower panels are particularly well suited to Japan’s residential market, where the new Japanese feed-in-tariff rewards production of solar energy in excess of domestic consumption, but available roof area is typically quite small. SunPower high efficiency systems will allow more customers to take advantage of this incentive.”

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