SIERRA VISTA, Ariz. and
SAN JOSE, Calif., Dec. 21, 2016 /PRNewswire/ -- At an event
today in Cochise County, Ariz.,
Sulphur Springs Valley Electric Cooperative (SSVEC) and SunPower
(NASDAQ:SPWR) are dedicating a 20-megawatt (AC) solar photovoltaic
power plant that is now generating clean, renewable solar power for
customers in SSVEC's service territory.
SSVEC will purchase the power generated by the solar plant under
a 20-year power purchase agreement with SunPower. SSVEC is
retaining the renewable energy credits associated with the solar
plant.
"This SunPower solar power plant supports SSVEC's commitment to
our community's economic vitality and a sustainable quality of
life, and is expected to help us achieve over 100 percent of our
2025 renewable energy goal, as established by the Arizona
Corporation Commission," said SSVEC Chief Executive Officer Creden
Huber. "SunPower brings a complete solution to solar power plant
development and operation that is proven to maximize energy
delivery over the long term, optimizing the cost-effective,
emission-free solar power that SSVEC provides its
customers."
The plant is anticipated to generate enough electricity to serve
the needs of approximately 2,800 average Arizona homes over the next 20 years, based on
estimates provided by the Solar Energy Industries Association.
"Today, power generated from solar power plants is
cost-competitive with power from traditional, fossil fuel burning
plants," said SunPower Senior Vice President Ty Daul. "SunPower commends SSVEC for its
leadership in promoting solar power development, and utilizing
innovative technology solutions to take full advantage of
Arizona's abundant solar
resource."
SunPower designed and built a SunPower® Oasis® Power Plant
system at the site. The Oasis platform is SunPower's fully
integrated, modular solar power block solution for utility-scale
solar projects that is designed to optimize land use and is
engineered for rapid, cost-effective installation.
The plant includes half a megawatt of the newest generation of
the SunPower Oasis platform, just launched in September.
Improvements in the Oasis platform design to optimize every system
component for seamless operation generate 34 percent more energy
density than conventional solar technology over 25 years.
During its six-month construction phase, the project created
approximately 120 jobs.
About Sulphur Springs Valley Electric Cooperative
Sulphur Springs Valley Electric Cooperative is a not-for-profit,
member-owned distribution cooperative providing electricity to more
than 51,000 services over some 4,100 miles of energized line.
Located in southeastern Arizona,
the cooperative's service territory covers parts of Cochise, Graham, Pima
and Santa Cruz Counties and
includes the communities of Sierra
Vista, Huachuca City,
Patagonia, Elfrida, Benson, St.
David, Bowie, San Simon, Willcox, Sonoita and Pearce-Sunsites. For more
information, go to www.ssvec.org.
About SunPower Corp.
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.
SunPower's Forward-Looking Statements
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 projected
energy output and relative generating capacity. 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: 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 Form 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.
© 2016 SunPower Corporation. All Rights Reserved.
SUNPOWER, the SUNPOWER logo and OASIS are registered trademarks of
SunPower Corporation in the U.S. and other countries as well.
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SOURCE SunPower Corp.