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SunPower Plans New Factory to Boost Share as Demand Rises

SunPower Corp., the second-largest U.S. solar manufacturer, is planning a new factory that will expand production capacity by more than 50 percent from current levels, in an effort to increase market share.

SunPower’s Fab 5 may start production in 2017 and will eventually be able to make at least 700 megawatts of solar panels a year, more than double the size of a plant due to start up next year, Chief Executive Officer Tom Werner said yesterday.