SAN JOSE, Calif., Oct 12, 2010 /PRNewswire via COMTEX News Network/ -- SunPower Corp. (Nasdaq: SPWRA, SPWRB) today announced that construction is underway on a 3.5-megawatt SunPower solar power system at Macy's, Inc. online fulfillment center in Goodyear, Ariz. The system will deliver the equivalent of 70 percent of the 600,000-square-foot building's electricity demand, and is expected to be the largest solar system on a single rooftop in the U.S. when it is completed in March of 2011.
Since 2007, Macy's has partnered with SunPower to install solar power systems on 31 Macy's facilities. These systems include a 1-megawatt installation that was recently completed on the retailer's distribution center in City of Industry, Calif. that generates the equivalent of half the power used at the facility. Upon completion of the solar power system in Goodyear, Macy's will have more than 12 megawatts of SunPower systems installed at its facilities.
SunPower is designing and installing the Goodyear system, and will provide ongoing operations and maintenance services. SunPower's E19 solar panels, the most powerful solar panels on the market today, will be installed at the site. The solar panels will be mounted using SunPower rooftop technology, including the SunPower(R) T5 Solar Roof Tile system, which approximately doubles the energy generated per square meter compared to systems that are mounted flat onto commercial rooftops.
According to estimates provided by the U.S. Environmental Protection Agency, the Goodyear system is expected to offset more than 3,500 tons of carbon dioxide emissions per year, which is equivalent to removing more than 600 cars from Arizona's highways each year.
"We applaud Macy's for its forward-thinking approach to environmental sustainability and corporate responsibility," said Jim Pape, president of SunPower's residential and commercial group. "SunPower's reliable, high quality solar technology will deliver emission-free solar power and significant operational savings for Macy's in Arizona for the next 25 years or more."
Arizona Public Service, the regional utility serving the Goodyear area, is buying the renewable energy credits 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 "expected" to identify forward-looking statements in this press release, including forward-looking statements regarding the expected completion date of the solar power system in Goodyear, AZ. 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) construction difficulties or potential delays in the project implementation process; (ii) unanticipated delays or difficulties securing necessary permits, licenses or other governmental approvals; (iii) the risk of continuation of supply of products and components from suppliers; (iv) unanticipated problems with deploying the system on the site; and (v) other risks described in the company's Annual Report on Form 10-K for the year ended January 3, 2010 and Quarterly Report on Form 10-Q for the quarter ended July 4, 2010, and other filings with the Securities and 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(R) is a registered trademark of SunPower Corp. All other trademarks are the property of their respective owners.
SOURCE SunPower Corp.
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