Sunpower wins contracts worth $235 mil from repeat customers

SINGAPORE (May 26): Sunpower Group, the manufacturer of energy conservation products in China, has won contracts totalling RMB116.68 million ($235 million).

The contracts were awarded to wholly-owned subsidiary, Jiangsu Sunpower Pressure Vessels Equipment Manufacturing Co. by Xinjiang GCL New Energy Material Technology Co., a wholly subsidiary of Jiangsu Zhongneng Polysilicon Technology Development Co., and AVIC International Beijing Company.

The group will be supplying towers and reduction furnaces to Phase I polysilicon project of  Xinjiang GCL, which has an annual production of 100,000 tonnes. The contract value is worth RMB84.16 million. The products will be delivered in 2017 and will have a positive impact on the group’s FY2017 results.

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