Sunpower Group secures 116.7m yuan in contracts

ENERGY conservation solutions provider Sunpower Group has clinched 116.68 million yuan (S$23.5 million) worth of contracts.

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

Sunpower will supply towers and reduction furnaces to the first phase of Xinjiang GCL's polysilicon project, which has an annual production of 100,000 tonnes. It will also supply heat exchangers to AVIC International Beijing.

The products for these contracts will be delivered this year and will have a positive impact on the current financial year.