SunPower Plans 160-Megawatt Solar Panel Manufacturing Facility In South Africa

(RTTNews) - Solar power products company SunPower Corp. (SPWR) Tuesday said it plans to own and operate a solar panel manufacturing facility in Cape Town, South Africa, to meet the growing demand for solar in that region.

At this new plant, SunPower will manufacture its high efficiency SunPower E20/440 Solar Panels and expects to produce up to 160-megawatts annually.

The company estimates that it will create up to 150 local jobs and will begin recruitment efforts in the first quarter of 2015. This facility will also house SunPower's Engineering, Procurement and Construction and Operations & Management offices, consolidating its South African business into one building, the firm said.