SunPower Supplying 64.4 Megawatts of High Efficiency Solar Panels for Seven La Compagnie du Vent Solar Power Plants

PARIS, Feb. 16, 2017 /PRNewswire/ -- SunPower (NASDAQ:SPWR) announced today that it will supply 64.4 megawatts (MW) of its high efficiency E-Series solar panels for the construction of seven solar power plants in France by La Compagnie du Vent, a subsidiary of Engie. A significant portion of the panels supplied under the agreement will be manufactured at SunPower's facilities in France.

"Since 2012, La Compagnie du Vent has been a valued SunPower partner, and we are pleased to supply an additional 64.4 megawatts of solar panels that will deliver emission-free power for homes and businesses in France," said SunPower Executive Vice President Eduardo Medina. "Today more than 3,000 megawatts of solar plants around the world are powered using SunPower technology. With high performance SunPower® solar technology, power plant developers maximize power generation and generate reliable returns on investment for 25 years or more."

To date, SunPower has supplied a total of 45 megawatts of its technology to La Compagnie du Vent for the construction of five solar power plants currently operating in France.  

SunPower's direct current E-Series solar panels, as well as its X-Series solar panels, are Cradle to Cradle Certified™ Silver. SunPower is the only solar panel manufacturer in the world to achieve this designation, which demonstrates a product's quality based on rankings in five categories: material health, material reutilization, renewable energy use, water stewardship, and social fairness.

Ninety-nine percent of the waste generated at SunPower's manufacturing facilities in De Vernejoul and Toulouse, France is diverted from landfills, earning the facilities landfill-free verification from NSF Sustainability, a division of the global public health organization NSF International. More information on the company's commitment to sustainability can be found here on SunPower's website.

About SunPower

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.

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 expected project timelines, projected energy output, and expected cost savings. 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-Q and 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 and the SUNPOWER logo are trademarks or registered trademarks of SunPower Corporation in Europe, the U.S., and other countries as well.  Cradle to Cradle Certified™ is a certification mark licensed by the Cradle to Cradle Products Innovation Institute. 

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SOURCE SunPower Corp.