BP Solar boosts manufacturing with Jabil Circuit

* Jabil to start 45 MW solar assembly line in Mexico

* Line to supply BP Solar customers in North America

* Expands deal BP Solar, Jabil struck in 2009

LOS ANGELES, Jan 26 (BestGrowthStock) – BP Solar will boost its
manufacturing deal with Jabil Circuit Inc (JBL.N: ) as it banks
on increased solar demand in North America and Europe, the unit
of BP Plc (BP.L: ) said on Tuesday.

Under the agreement, electronics company Jabil will
assemble modules for BP Solar customers in North America at a
plant in Chihuahua, Mexico.

The news follows similar plans to expand production
capacity from solar power companies including Suntech Power
Holdings Co Ltd (STP.N: ) and Trina Solar Ltd (TSL.N: ).

The industry is betting that the appetite for solar power
products will rise in 2010 after a difficult 2009 when the
credit crisis dried up financing for new projects and panel
prices fell.

Under BP Solar’s plan, Jabil will start production in
Mexico in the second quarter with annual capacity of 45
megawatts. The company may increase capacity should demand
grow.

The plans expand BP Solar’s efforts to cut costs for its
solar power panels and the manufacturing deal that the solar
player struck with Jabil in October last year.

Jabil started a 45 MW assembly line in Poland for BP Solar,
and has since upped that capacity to 90 MW.

Penny Stocks
(Reporting by Laura Isensee, editing by Gerald E. McCormick)

BP Solar boosts manufacturing with Jabil Circuit