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SunPower (SPWR) to Partner with Apple (AAPL) on Two Solar Projects

April 16, 2015 8:43 AM EDT

SunPower (NASDAQ: SPWR) announced that it plans to partner with Apple (Nasdaq: AAPL) to build two solar power projects totaling 40 megawatts (MW) in ABA Tibetan and Qiang Autonomous Prefectures, Sichuan Province of the Peoples Republic of China (PRC). When complete, the two projects will be co-owned by Sichuan Shengtian New Energy Development Co., Ltd., SunPower's project development joint venture, and Apple.

The projects include Hongyuan Huanju Ecological Energy Co., Ltd., (Hongyuan) located in Hongyuan County and Ruoergai Huanju Ecological Energy Co., Ltd., (Zioge) located... More