*Jabil to build SunPower solar panels at Mexican plant
*First step in implementing regional panel assembly
*Financial terms not disclosed
LOS ANGELES, June 8 (Reuters) – Solar power company SunPower Corp (SPWRA.O) said on Monday it had signed a contract with electronics maker Jabil Circuit Inc (JBL.N) to build solar panels in Mexico beginning in the second half of 2009.
Jabil will start making solar panels for SunPower’s North American solar customers in the second half of 2009, SunPower said in a statement. The San Jose, California, company said the deal was the first step in its long-term strategy to implement regional panel assembly to reduce costs.
SunPower currently produces its solar panels in the Philippines and has a partnership with SunEnergy in China. It is also looking at establishing manufacturing in large solar markets in the United States, the company said. – [reuters.com]
