SunPower to Provide Toshiba with 20.1% Efficiency Solar Panels in Japan
SunPower Corporation (NASDAQ: SPWR) today announced that it will supply Toshiba (NASDAQ: TOSBF) with its new world-record efficiency solar panel beginning in December, extending Toshiba's solar efficiency leadership in the Japanese residential market. SunPower's new E20/250NE solar panel features a 20.1 percent efficiency rating delivering 250 watts per 72-cell module, and will be marketed exclusively by Toshiba in the Japanese homes segment. The module features the all-back contact Maxeon™ solar cell designed and manufactured by SunPower Corporation which offers world-record efficiency.
Since SunPower first partnered with Toshiba in 2010, it has delivered more than 150 MW of its high-efficiency solar panels to Toshiba. "With our new supply agreement with SunPower, Toshiba will continue to meet the growing demand for high efficiency solar systems from our customers in the Japanese residential market," said Toshiba Executive Officer, Corporate Vice President, Takeshi Yokota. "Through our solid partnership with SunPower, and the ability to exclusively sell their new 250-watt, 20.1 percent efficiency solar panel, we continue as the solar efficiency leader in Japan."
"Since 2010 we have enjoyed a strong partnership with Toshiba, a leader in the fast-growing