SAN JOSE, Calif., April 24, 2017 /PRNewswire/ -- SunPower
(NASDAQ:SPWR) announced today that it now offers the
fully-integrated SunPower® Oasis® Power Plant platform directly to
solar power plant developers and engineering, procurement and
construction (EPC) providers through a newly formed SunPower®
Solutions business unit. SunPower Solutions enables developers and
EPCs to benefit from SunPower's extensive experience over the past
decade developing, financing, constructing, operating and
maintaining solar power plants.
"The SunPower Oasis platform delivers competitive cost of energy
with the proven reliability and quality of SunPower technology in a
fully pre-engineered complete solution," said Tom Werner, president and CEO of SunPower.
"Through SunPower Solutions, we enable solar power plant customers
around the world to achieve the same standards of excellence with
respect to installation speed, quality and performance that we have
demonstrated in over 1,000 large-scale solar power plant projects
on six continents since 2004."
"The market for solar power plants is rapidly globalizing, with
solar power now the most competitive form of new electricity
generation in many countries," continued Werner. "In most emerging
markets, there is not yet a significant base of installed solar
capacity, and limited experience siting, designing, constructing
and operating large-scale solar facilities. SunPower's
fully-integrated Oasis platform allows local developers and EPC
companies new to solar power to minimize risk to project
construction schedules and ensure reliable operation while
delivering competitive cost of energy."
SunPower Solutions has operations in more than 10 countries and
has signed almost 200 megawatts of contracts this year to supply
SunPower power plant technology to projects in North America, Europe and Oceania.
In September 2016, SunPower
launched its third-generation Oasis Power Plant, a complete power
plant solution that installs quickly and optimizes site utilization
to maximize value for customers. Product features include 50
percent fewer parts than conventional solar plant systems and an
integrated solar tracker design that streamlines construction and
reduces operations and maintenance costs.
"Every part of the Oasis platform is engineered to maximize
energy yield, delivering a more efficient, reliable solution for
long-term energy production," continued Werner. "The SunPower Oasis
platform uses drones and our proprietary software to quickly survey
sites and select the optimal layout to achieve project financial
and energy goals. Oasis trackers are designed to flexibly
accommodate steeper slopes and minimize on-site grading. EPC
companies appreciate that Oasis is fast and easy to install, and
end customers benefit from up to 67 percent more lifetime energy
density from a given site."
SunPower P-Series solar panels are cost-effective, high
efficiency panels that produce more energy than conventional solar
panels over the lifetime of the system. P-Series panels use proven
materials, including a proprietary encapsulant that protects the
solar cells from degradation caused by moisture and a novel
interconnection technology that eliminates the most common solar
panel failure mode.
About SunPower
With more than 30 years of proven experience, SunPower is a
global leader in solar innovation and sustainability. Our unique
approach emphasizes the seamless integration of advanced SunPower
technologies, delivering The Power of One™ complete solar
solutions and lasting customer value. SunPower provides outstanding
service and impressive electricity cost savings for residential,
commercial and power plant customers. At SunPower, we are
passionately committed to changing the way our world is powered.
And as we continue shaping the future of Smart Energy, we are
guided by our legacy of innovation, optimism, perseverance and
integrity. Headquartered in Silicon Valley, SunPower has dedicated,
customer-focused employees in Africa, Asia,
Australia, Europe, North
America and South America.
Since 2011, we've been majority-owned by Total, the fourth largest
publicly-listed energy company in the world. For more information,
visit www.sunpower.com.
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 market
trends, future projects, and projected energy output. 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: regulatory
changes and the availability of economic incentives promoting use
of solar energy, 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 report on Form 10-K, 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.
©2017 SunPower Corporation. All Rights Reserved.
SUNPOWER, the SUNPOWER logo, SUNPOWER SOLUTIONS, OASIS and THE
POWER OF ONE are trademarks or registered trademarks of SunPower
Corporation in the U.S. and other countries as well.
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SOURCE SunPower Corp.