SPI & JA Solar Enter 60-MW Solar Cell Deal

Solar Power Inc. (SPI) has entered into a one-year supply agreement with JA Solar Holding Co. Ltd. JA Solar has committed to supply up to 60 megawatts (MW) of its 6-inch polycrystalline photovoltaic (PV) cells based on monthly requirements from SPI.

The cells will be used for the ongoing production of SPI’s solar modules and supply to SPI begins immediately. The agreement with JA Solar provides SPI with immediate supply of high-quality cells to meet anticipated production requirements of the company’s family of solar modules during 2009, the company said.

“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.”

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