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Telecomunicaciones y tecnología

SunPower to supply more than 100 MW solar panels to Toshiba


    (Reuters) - Solar panel maker SunPower Corp said it will supply more than 100 megawatt (MW) solar panels to Japan's Toshiba Corp under a multi-year agreement.

    SunPower has been looking to grow in Asia as the solar sector battles with pressured margins due to weak European demand and a glut that has dragged down prices.

    The company said it has delivered about 70 MW of solar panels to TOSHIBA (JP6502.TK)since the first agreement in 2010.

    The San Jose, California-based company said last month it expects nearly 10 percent of its revenue in 2012 to come from Japan.

    Shares of SunPower Corp were slightly up at $4.83 after the bell. They closed at $4.80 on the Nasdaq on Wednesday.

    (Reporting By Garima Goel in Bangalore)