Motech Enters Agreement with Solar Power, Inc. to Supply 11 Megawatts of PV Cells in 2008
Motech Industries, Inc ("Motech"), a producer of photovoltaic (PV) cells, has reached an agreement with Solar Power, Inc ("SPI"), a solar energy solution provider, to supply 11 megawatts of 6" multi-crystalline photovoltaic ("PV") cells. The cells will be used for the production of SPI's solar modules at the company's factory in Shenzhen, China. In addition to the 11 megawatts for 2008, Motech and SPI are in discussions to develop a long-term agreement to supply cells to meet the growing demand for SPI's PV modules.
"We are happy to be providing Solar Power, Inc. with cells for their high-quality PV modules," said Dr. Simon Tsuo, CEO of Motech Solar Electricity Division. "For us this is further indication of the growing US market and demand for photovoltaic products as the adoption of solar energy in all market segments gains momentum across the United States."
"Our agreement with Motech is significant," said Steve Kircher, CEO of Solar Power, Inc.
, "Motech is a recognized world leader in the production of the highest quality mono and multi-crystalline PV cells. Our companies share a common philosophy with respect to our shared commitment to high-quality and product innovation. For these reasons we are also pursuing an additional arrangement of a more long-term nature," Mr. Kircher stated.
To date, Motech
has been a primary supplier of cells for SPI. The agreement provides SPI with an additional supply of high-quality cells to meet anticipated production requirements of the company's 200 watt panels during 2008.
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