SunPower In Venture with Korean Firm
PRNewswire reportsSunPower, a Silicon Valley-based manufacturer of solar cells and solar panels, announced a joint venture with Korean company Woongjin Coway to manufacture mono-crystalline silicon ingots. The venture will be based in Korea and will use polysilicon supplied primarily by DC Chemical, Korea’s largest chemical company.
Over the next five years, SunPower expects to purchase approximately $250 million of silicon ingot from the joint venture.
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