Q-Cells Signs 83-MW Solar Cell Agreement with SunPower Corp.

Q-Cells North America, a global leader in designing, building and managing financially sustainable solar photovoltaic (PV) solutions, has signed an 83- megawatt solar cell supply agreement with SunPower Corp. (Nasdaq: SPWRA, SPWRB). Q-Cells solar technology will be used in select commercial and utility scale solar projects.

"SunPower has a history of delivering highly-efficient, highly reliable solar systems, and Q-Cells solar cells align well with our panel manufacturing operations,” said Howard Wenger, president, utility and power plants, SunPower Corp.

"Since 2005, the solar industry has grown more than 60¹ percent per anum and is expected to expand another 34² gigawatts by 2015, according to industry experts,” said Marc van Gerven, CEO of Q-Cells North America. "Q-Cells helps to define the industry’s standards for quality and reliability and this agreement gives us the unique opportunity to address this growing global demand.”

About Q-Cells North America

Q-Cells North America, part of Q-Cells SE, designs, builds and manages financially sustainable solar photovoltaic (PV) solutions. The company brings a decade of global leadership in solar PV to North America, combining best-of-world technology, processes and partnerships to deliver utility-grade solar PV solutions customized for local energy markets. Q-Cells North America offers the full spectrum of PV solutions--from the core technology of cells and modules to power plant development, design, construction, operations and maintenance. With proven capabilities across the solar value chain, Q-Cells North America minimizes uncertainty and risk, and helps customers achieve a higher return on their investment in solar energy. For more information about Q-Cells North America, please visit www.q-cells.com.

¹ Information from Photon

² Information from iSupply