SunPower’s Solar Farms for Apple in China to Quadruple Power
SunPower Corp. agreed to build three solar farms in China’s Inner Mongolia region with a capacity of 170 megawatts for Apple Inc., a sale that will more than quadruple the technology company’s commitments to pollution-free power in the country.
When completed next year, panel manufacturer and developer SunPower, Tianjin Zhonghuan Semiconductor Co. and another partner will own the three plants, San Jose, California-based SunPower said in a regulatory filing Wednesday. While the third investor wasn’t identified in the statement, SunPower Chief Executive Officer Tom Werner said recently that Apple would take an equity stake in the new projects.
This isn’t the first time SunPower has handled solar power for Apple. In April, it agreed to build 40 megawatts of solar for the iPhone maker in the Sichuan province. Last month, Apple said it was planning to invest in 200 more megawatts of the renewable energy and encourage suppliers to make similar commitments.The most recent sale includes plants of 100 megawatts in Shangtuhai Village, 20 in Qianbaimiao Village and 50 in Mandahtu Town Sunite Zuoqi.
Source: Bloomberg
