SunPower (SPWR) Extends Supply Agreement with Toshiba; Will Provide 100-MW of Panels/Yr.

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SunPower Corporation (Nasdaq: SPWR) has extended its long-standing partnership with Toshiba through 2018. Toshiba has sold SunPower Corporation's world leading technology solar panels since 2010, making Toshiba the efficiency leader in the Japanese residential market.

Under the terms of the master supply agreement, SunPower will provide more than 100 megawatts of its highest-efficiency residential solar panels annually exclusively to Toshiba. Toshiba will offer solar systems with SunPower's highest efficiency solar modules in the rapidly growing Japanese residential market. Since the company first partnered with Toshiba in 2010, it has delivered more than 150 MW of its high-performance solar panels.

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