ABN – SunPower Corporation (NASDAQ: SPWR) plans to own and operate a Cape Town-based solar panel manufacturing facility.
The company plans to use the factory to manufacture its high-efficiency SunPower E20/440 Solar Panels, with the hope of producing 160 megawatts annually.
The South African facility will also be home to SunPower’s engineering, procurement and construction offices and its operations & management operations.
SunPower COO Marty Neese said: "SunPower has a significant presence in the South African solar market, including two large power plants built this year and another one that will begin construction soon.
“By manufacturing our high-efficiency solar panels at this new facility, we will not only help the local economy, but continue to deliver clean, renewable energy to this region.”
The new facility is scheduled to open in 2015.