SunPower to Acquire AUO’s Stake in Malaysian Solar Cell Venture

SunPower Corp. will pay $170 million for AU Optronics Corp.’s portion of the two companies’ solar cell making venture at an 800-megawatt fabrication facility in Melaka, Malaysia.

SunPower will make the purchase over the next four years under a stock buying agreement, San Jose, California-based SunPower said in a statement Monday. It has also signed an agreement to supply 100 megawatts of its E-series solar panels to AUO.