Naturener Expands SunPower Deployment to Approximately 30 Megawatts
SAN JOSE, Calif., Jan. 4 /PRNewswire-FirstCall/ -- SunPower Corp.
(Nasdaq: SPWR), a Silicon Valley-based manufacturer of high-efficiency
solar cells, solar panels and solar systems, today announced that its
Spanish subsidiary will engineer, procure equipment for and construct an
approximately 8 megawatt solar electric power plant in the Extremadura
region of Spain.
A corporate affiliate of The Naturener Group, a Spanish-based company,
will own the solar power plant, and SunPower expects the system will begin
operating in September 2008.
"Once again we are teaming with Naturener to deliver clean, reliable
solar power to the rapidly expanding Spanish market," said Marco Antonio
Northland, general manager of SunPower's European operations. "By using the
industry-leading SunPower(R) Tracker technology, Naturener will maximize
the solar plant's energy delivery, while optimizing land use and reducing
related costs."
"SunPower's engineering, procurement and construction expertise will be
key to meeting our budget and schedule targets," said Rafael
Sanchez-Castillo, CEO of The Naturener Group. "We are pleased to continue
the solar power segment of our renewable energy portfolio in Spain."
About SunPower
SunPower Corporation (Nasdaq: SPWR) designs, manufactures and delivers
high-performance solar electric systems worldwide for residential,
commercial and utility-scale power plant customers. SunPower
high-efficiency solar cells and solar panels generate up to 50 percent more
power than conventional solar technologies and have a uniquely attractive,
all-black appearance. With headquarters in San Jose, Calif., SunPower has
offices in North America, Europe and Asia. For more information, visit
http://www.sunpowercorp.com. SunPower is a majority-owned subsidiary of
Cypress Semiconductor Corp. (NYSE: CY).
Forward-Looking Statement
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995, Section
27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. Forward-looking statements are statements that do not
represent historical facts. The company uses words and phrases such as
"will," "expects," "to deliver" and similar expressions to identify
forward-looking statements. Forward-looking statements in this press
release include, but are not limited to, the company's plans and
expectations regarding the size and engineering, procurement and
construction of the solar plant, a corporate affiliate of The Naturener
Group owning the solar plant, the system beginning operations in September
2008, the SunPower Tracker deployment and associated benefits on energy
delivery, and meeting budget and schedule targets. These forward-looking
statements are based on information available to the company as of the date
of this release and current expectations, forecasts and assumptions and
involve a number of risks and uncertainties that could cause actual results
to differ materially from those anticipated by these forward-looking
statements. Such risks and uncertainties include a variety of factors, some
of which are beyond the company's control. In particular, risks and
uncertainties that could cause actual results to differ include (i) failure
to satisfy conditions precedent in certain construction contracts within
specified deadlines, including but not limited to confirming the
availability of bank financing, receipt of necessary permits, licenses or
other governmental approvals, receipt of satisfactory final site reports,
and/or the confirmation and review of technical specifications; (ii)
construction difficulties or potential delays in the project implementation
process; (iii) the risk of continuation of supply of products and
components from suppliers; (iv) unanticipated problems with the SunPower
Tracker deployment on the site; and (v) other risks described in the
company's Quarterly Report on Form 10-Q for the quarter ended September 30,
2007, and other filings with the Securities Exchange Commission. These
forward-looking statements should not be relied upon as representing the
company's views as of any subsequent date, and the company is under no
obligation to, and expressly disclaims any responsibility to, update or
alter its forward-looking statements, whether as a result of new
information, future events or otherwise.
SunPower is a registered trademark of SunPower Corp. PowerLight is a
registered trademark of PowerLight Corp. Cypress is a registered trademark
of Cypress Semiconductor Corp. All other trademarks are the property of
their respective owners.
SOURCE SunPower Corporation
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Related links:
http://www.sunpowercorp.com
CONTACT:
Helen Kendrick, +1-408-240-5585,
hkendrick@sunpowercorp.com, or Julie Blunden, +1-408-240-5577,
jblunden@sunpowercorp.com, both of SunPower Corporation
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