SunPower and AUO to Form Joint Venture to Accelerate Fab 3 Ramp and Lower Manufacturing Costs

SunPower Corp. (Nasdaq: SPWRA, SPWRB), a Silicon Valley-based manufacturer of high-efficiency solar cells, solar panels and solar systems, today announced a definitive agreement to form a joint venture (JV) with AU Optronics Corp. (TAIEX: 2409; NYSE: AUO), a leading global manufacturer of thin-film transistor liquid-crystal displays (TFT-LCD) based in Taiwan. The JV will own and operate SunPower's 1.4 gigawatt third solar cell fabrication facility (Fab 3), now under construction in Malaysia. SunPower and AUO will equally own the JV and contribute equal capital funding.

"AUO's proven ability to rapidly scale advanced manufacturing technology while driving consistent, aggressive cost reduction makes them the ideal partner to help SunPower ramp Fab 3," said Tom Werner, SunPower's CEO. "We expect this JV will reduce our effective Fab 3 capital expense per watt by more than 35 percent while capitalizing on AUO's world-class manufacturing expertise to reduce solar cell manufacturing costs.

Read more: SunPower Corp ( SPWRA )

Solar Stocks and Market Commentary from J. Peter Lynch

 

Point Roberts, South Salem, New York- May 18 2010 (Investorideas.com renewable energy/green newswire) Investorideas.com solar columnist J. Peter Lynch reports on recent IPO activity in the solar sector.

 

Solar Stocks Commentary with J Peter Lynch – http://www.renewableenergystocks.com/PL/

Subscribe to the Peter Lynch solar RSS feed

 

First Solar IPO in many a Month Emerges
JinkoSolar Holding Co., Ltd. (JKS) initial public offering of 5,835,000 American depositary shares ("ADSs"), each representing four (4) ordinary shares of the Company, was priced at $11.00 per ADS on Friday of last week.

Read more: First Solar IPO in many a Month Emerges; JinkoSolar Holding Co., Ltd

First Solar, Inc. Announces First Quarter 2010 Financial Results

  • Net Sales $568 million
  • EPS $2.00 per fully diluted share
  • Increased 2010 EPS guidance to $6.80-$7.30 per diluted share
  • Board of Directors approves an additional four line factory

TEMPE, Ariz.--(BUSINESS WIRE)--First Solar, Inc. (Nasdaq: FSLR) today announced its financial results for the first quarter ended March 27, 2010. Quarterly net sales were $568.0 million, up 36% from $418.2 million in the first quarter of 2009, mainly due to strong PV module demand and increased production, partially offset by a decline in pricing. First quarter 2010 net sales declined $73.3 million from the fourth quarter of 2009 primarily due to a shift from turnkey system sales to module sales.

Read more: First Solar Inc ( FSLR )

Signs Strategic Alliance Agreement With Indian Conglomerate Kirloskar Integrated Technologies Limited, India

Ascent Solar Technologies, Inc. (NASDAQ:ASTI), a developer of flexible thin-film solar modules, announced today that it has signed a Strategic Alliance Agreement with Kirloskar Integrated Technologies Limited, India (Kirloskar). Under the terms of the multi-phase agreement the two companies will commence integration, marketing and distribution of Ascent Solar’s flexible CIGS photovoltaic modules into products designed to address multiple market opportunities in India. Target markets include defense, consumer portable power, off grid rural power solutions and hybrid solar and diesel generation back up power systems. Phase two of the agreement provides for the establishment of a complete backend module assembly plant in India and the third and final phase of the contact is designed to expand production in India to include complete end to end module manufacturing.

Read more: Ascent Solar Technologies Inc ( ASTI )

Natcore Signs Agreement With Chinese Consortium to Take Its Solar Technology From Lab to Power Grid

Natcore Technology Inc. (TSX VENTURE: NXT)(PINK SHEET: NTCXF) ("Natcore" or the "Company") is pleased to announce that it has reached agreement with a consortium in China to form a joint venture company to develop and manufacture film-growth equipment and materials using Natcore's proprietary Liquid Phase Deposition (LPD) technology.

Natcore has signed a letter of intent with the Zhuzhou Hi-Tech Industrial Development Zone ("Hi-Tech Zone") to form a new company, "Natcore China", with rights to manufacture anti-reflective (AR) film growth equipment and materials. Natcore China will be 55% owned by Natcore Technology, with the Hi-Tech Zone and its partners ("Chinese Partnership") holding the remaining 45% ownership position.

Read more: Natcore Technology Inc ( NXT )