SunPower and Woongjin Energy Open New Ingot Factory

SunPower Corporation announced that Woongjin Energy Corp. (WJE), its joint venture with Woongjin Holdings Company Ltd., has opened a new 46,200-square-meter solar silicon ingot pulling factory. SunPower will purchase approximately $250 million of silicon ingots from the joint venture through a five-year supply agreement.

The factory is headquartered in the DaeDeok Techno Valley in DaeJeon City, Korea and will produce silicon ingots exclusively for solar cell production. Polysilicon for this venture will be supplied primarily from DC Chemical. All ingots produced at the factory are expected to be exported.

“Woongjin Energy is ready to apply its expertise to produce high quality silicon ingots for SunPower,” said Hakdo Yoo, president and CEO of Woongjin Energy Co. “With our highly educated workforce, convenient materials transportation, and research and development infrastructure, Woongjin Energy is well positioned for a long and successful future in the solar business.”
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