SAN JOSE, Calif., Nov 19, 2009 /PRNewswire-FirstCall via COMTEX News Network/ -- SunPower Corp. (Nasdaq: SPWRA, SPWRB), a Silicon Valley-based manufacturer of high-efficiency solar cells, solar panels and solar systems, today announced the completion of a 1-megawatt solar power rooftop system on three buildings at Agilent's headquarters in Santa Clara, Calif. This is SunPower's second project with Agilent, following the design and installation of a 1-megawatt solar tracking system at Agilent's Santa Rosa, Calif., campus last year. Agilent expects to save $3.5 million in energy costs in the first 10 years of operation.
"Agilent is pleased to partner with SunPower on this second significant project, reinforcing our commitment to clean, renewable solar power and protecting the environment," said Keith Morgan, Agilent director of environmental, health, safety and security. "Using high-efficiency solar technology maximizes the return on our investment and minimizes the environmental impact of our operations."
The system features the SunPower T5 Solar Roof Tile, the solar industry's first non-penetrating rooftop product that combines a high-efficiency SunPower solar panel, frame and mounting system into a single pre-engineered unit. Tilted at a five-degree angle, the T5 Roof Tile system approximately doubles the energy generated per square meter compared to systems that are mounted flat onto commercial rooftops.
"Combined with SunPower's high-performance solar panels, the T5 Roof Tile will deliver more solar energy per square foot and greater energy savings than conventional systems," said Bill Kelly, managing director at SunPower. "This is a real demonstration of Agilent's commitment to sustainable practices, and will help the company maintain its position as an innovative business leader."
According to conversion formulas provided by the U.S. Environmental Protection Agency, Agilent's solar system in Santa Clara is expected to displace more than 50 million pounds of carbon dioxide over the next 30 years. This is equivalent to the emissions displaced from removing more than 4,200 cars from California's highways. Agilent owns the renewable energy credits and all environmental attributes associated with the system.
Founded in 1985, SunPower Corp. (Nasdaq: SPWRA, SPWRB) designs, manufactures and delivers the planet's most powerful solar technology broadly available today. Residential, business, government and utility customers rely on the company's experience and proven results to maximize return on investment. With headquarters in San Jose, Calif., SunPower has offices in North America, Europe, Australia and Asia. For more information, visit www.sunpowercorp.com.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that do not represent historical facts and may be based on underlying assumptions. The company uses words and phrases such as "will" and "expected" to identify forward-looking statements in this press release, including forward-looking statements regarding: (a) energy efficiency and savings; and (b) environmental benefits. Such forward-looking statements are based on information available to the company as of the date of this release and involve a number of risks and uncertainties, some beyond the company's control, that could cause actual results to differ materially from those anticipated by these forward-looking statements, including risks and uncertainties such as: (i) actual electricity generation; (ii) the actual energy consumption rate; (iii) unexpected changes in utility service rates; and (iv) variations in carbon dioxide emissions reductions.. 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.
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SOURCE SunPower Corp.
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