MADRID, Spain, June 2, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- SunPower Corporation (Nasdaq: SPWR), a manufacturer of high-efficiency solar cells, solar panels, and solar systems, announced today that SunPower solar electric power systems totaling 132 kilowatts have been installed on the rooftops of two Bon Preu Esclat stores located outside of Barcelona, Spain. SunPower dealer SUD Energies Renovables, S.L. of Vic (Barcelona) installed the systems, and reports that they are working with the supermarket chain to install SunPower solar power systems on additional Bon Preu Esclat stores over the next three years.
A Bon Preu Esclat store in Piera, Spain received a 55-kilowatt SunPower system, and a 77-kilowatt solar system has been installed atop the Bon Preu Esclat store in Valls. At these locations, SUD Energies Renovables installed SunPower® T10 Solar Roof Tiles, which are tilted at a 10-degree angle to increase energy capture, and SunPower® 210 solar panels. SunPower panels are up to 50 percent more efficient than conventional panels and up to 100 percent more efficient than thin-film solar panels.
"We had two primary requirements for these installations. We wanted to maximize the amount of power that could be generated within the limited roof space, and we needed a lightweight system that would not require any roof penetrations," said Manel Romero, technical director of SUD Energies Renovables, S.L. "After investigating our options, including thin-film solar electric products, we chose SunPower because it manufactures the highest efficiency solar technology on the market today. Also, SunPower T10 Solar Roof Tile systems are non-penetrating, lightweight and durable. The systems are protecting the integrity of the rooftops, while delivering exceptional power generation to the customer."
These installations for Bon Preu Esclat represent the first set of solar systems in Spain using the SunPower T10 product on a commercial rooftop. In the U.S., commercial rooftop systems have been installed for SunPower customers such as FedEx, Wal-Mart Stores and Microsoft.
Also in Spain, SunPower has more than 45 megawatts of solar power plants under construction.
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).
SunPower is a registered trademark of SunPower Corp. Cypress is a registered trademark of Cypress Semiconductor Corp. All other trademarks are the property of their respective owners.
About SUD Energies Renovables, S.L.
The SUD Energies Renovables group is an initiative launched by professionals with varying areas of experience in the industrial, energy and environmental sectors, offering comprehensive services in the fields of engineering, construction and operation of renewable energies.
The group of companies includes SUD Energies Renovables, S.L., the group's engineering division; InstalSud 2007, S.L., providing installation, control and maintenance; and OnaSud Energia, S.L., which develops photovoltaic solar energy farms.
About Bon Preu Esclat
Bon Preu is a Catalan-based company comprised of 113 supermarkets and hypermarkets and 11 gas stations around Catalunya, under the brand names Bon Preu, Esclat, Orangutan and Esclatoil.
Its forecasted sales revenue for 2008 is 485 million euros. The company has 3,000 employees.
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 "to install," 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 installing SunPower solar power systems on additional Bon Preu Esclat stores over the next three years. These forward-looking statements are based on information available to the company as of the date of this release and management's 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) 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 sites; and (v) other risks described in the company's Quarterly Report on Form 10-Q for the quarter ended March 30, 2008, 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 is a registered trademark of SunPower Corp. Cypress is a registered trademark of Cypress Semiconductor Corp. All other trademarks are the property of their respective owners.
SOURCE SunPower Corporation
http://www.sunpowercorp.com
Copyright © 2008 PR Newswire. All rights reserved
News Provided by COMTEX