PARIS, July 25, 2017 /PRNewswire/ -- SunPower (NASDAQ:SPWR), a majority-owned subsidiary of Total SA, and Tenergie, an independent renewable power producer, announced today that SunPower is supplying 29.9 megawatts (MW) of its high efficiency SunPower® E-Series solar panels for several rooftop and ground-mount solar projects that Tenergie is developing in France.
"SunPower offers powerful solar panels, with the highest reliability on the market today," said Pascal Penicaud, CEO of Tenergie. "We're pleased to develop projects in France that will generate renewable energy sustainably and over the long term."
The SunPower panels are being installed on 157 rooftop projects totaling 26.8 megawatts and two ground-mount projects totaling 3.1 megawatts. Tenergie expects to commission all of the projects before the end of next year.
"SunPower is proud to partner with Tenergie, an innovative independent power producer that shares our commitment to quality and long-term value," said SunPower Executive Vice President Peter Aschenbrenner. "Compared to conventional panels, SunPower E-Series solar panels produce 30 percent more energy in the same space."
In recent months, SunPower has been awarded contracts to supply more than 200 megawatts of SunPower solar panels for projects in France. A significant portion of the panels SunPower supplies under these contracts will be manufactured at the company's French manufacturing facilities.
SunPower's direct current E-Series solar panels, as well as its X-Series solar panels, are Cradle to Cradle Certified™ Silver. SunPower is the only solar panel manufacturer in the world to achieve this designation, which demonstrates a product's quality based on rankings in five categories: material health, material reutilization, renewable energy use, water stewardship, and social fairness.
Tenergie is an Independent Power Producer ("IPP") with a strong track record in developing greenfield projects or purchasing operating assets on the secondary market. Tenergie owns and operates 200MW of solar and wind power plants located in France and Italy. Tenergie is headquartered in Aix-en-Provence, France. Visit www.tenergie.fr for more information.
As one of the world's most innovative and sustainable energy companies, SunPower Corporation (NASDAQ:SPWR) provides a diverse group of customers with complete solar solutions and services. Residential customers, businesses, governments, schools and utilities around the globe rely on SunPower's more than 30 years of proven experience. From the first flip of the switch, SunPower delivers maximum value and superb performance throughout the long life of every solar system. Headquartered in Silicon Valley, SunPower has dedicated, customer-focused employees in Africa, Asia, Australia, Europe, North and South America. For more information about how SunPower is changing the way our world is powered, visit www.sunpower.com.
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding energy output and expected project timelines. These forward-looking statements are based on our current assumptions, expectations, and beliefs and involve substantial risks and uncertainties that may cause results, performance, or achievement to materially differ from those expressed or implied by these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to: challenges inherent in constructing and maintaining certain of our large projects, and fluctuations or declines in the performance of our solar panels and other products and solutions. A detailed discussion of these factors and other risks that affect our business is included in filings we make with the Securities and Exchange Commission (SEC) from time to time, including our most recent reports on Form 10-K and 10-Q, particularly under the heading "Risk Factors." Copies of these filings are available online from the SEC or on the SEC Filings section of our Investor Relations website at investors.sunpowercorp.com. All forward-looking statements in this press release are based on information currently available to us, and we assume no obligation to update these forward-looking statements in light of new information or future events.
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SOURCE SunPower Corp.