SunPower Corporation to Supply Shimizu with 69 Megawatts of its High
Efficiency Solar Panels for Eurus Energy Power Plant
Company Provides Clean Energy to Japan's Largest Solar Installation
SAN JOSE, Calif. and TOKYO, Sept. 29, 2013
SAN JOSE, Calif.and TOKYO, Sept. 29, 2013 /PRNewswire/ -- SunPower
Corporation (NASDAQ: SPWR), a leading solar technology and energy solutions
provider, today announced it will supply 69-megawatts (MW) of its high
efficiency E20/327 solar panels to Shimizu Corporation for installation at the
Eurus Energy mega solar power plant project in the village of Rokkasho,
Aomori, Japan. With this agreement, SunPower is providing clean energy to
Japan's largest solar installation.
Shimizu, a leading architectural, engineering and general contracting firm in
Japan, will act as the engineering, procurement and construction (EPC)
provider for the project which is owned by Eurus Rokkasho Solar Park
Corporation, a subsidiary of Eurus Energy Group. It is scheduled for
commercial operation in the second half of 2015.
"The proven efficiency and reliability of the modules from SunPower
Corporation, coupled with the industry's best warranty, will enable us to
build a power plant that will benefit the community of Rokkasho," said Eurus
Rokkasho Solar Park Corporation President Satoshi Takahata.
Integrated into the E20/327 solar panels by SunPower Corporation are its
Maxeon® all-back contact solar cells. These cells are built on a solid copper
foundation, making them extremely resistant to cracking, corrosion and
stresses from temperature variation. With an efficiency of 20.1 percent, the
E20/327 panels deliver more power in the same amount of space and maximize
system output with fewer panels installed.
The company's solar panels are backed by the company's straightforward 25-year
combined product and power warranty. It offers the industry's lowest power
degradation with more warranted energy, resulting in an unprecedented 87
percent power level at the end of 25 years.
"We are pleased that Eurus chose SunPower Corporation for two mega solar power
plant projects in Japan," said Howard Wenger, SunPower president, regions.
"The Japanese market continues to respond well to our high efficiency solar
products for all customer segments -- residential, commercial and
SunPower Corporation will also supply 27.4 MW of its E20/327 solar panels to
Obayashi Corporation for installation at the mega solar power plant project in
Toyokoro, Hokkaido, Japan, which is also owned by a subsidiary of Eurus Energy
Group. Obayashi will act as EPC and the project is scheduled for commercial
operation in 2015.
Solar products by SunPower Corporation are branded under the Maxeon Solar name
in Japan. The capacity of mega solar power plants in this release is
described in approximate megawatts on a direct current (dc) basis unless
About SunPower Corporation
SunPower Corporation (NASDAQ: SPWR) designs, manufactures and delivers the
highest efficiency, highest reliability solar panels and systems available
today. Residential, business, government and utility customers rely on the
company's quarter century of experience and guaranteed performance to provide
maximum return on investment throughout the life of the solar system.
Headquartered in San Jose, Calif., SunPower has offices in North America,
Europe, Australia, Africa and Asia. For more information, visit
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
"will," "continues," and similar expressions to identify forward-looking
statements in this press release, including forward-looking statements
regarding: (a) Japanese market response; and (b) growing our business in
Japan. 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) the impact of
regulatory changes and the continuation of governmental and related economic
incentives promoting the use of solar power; (ii) general business and
economic conditions, including seasonality of the solar industry and growth
trends in the solar industry; and (iii) other risks described in the company's
Annual Report on Form 10-K for the year ended December 30, 2012, the company's
Quarterly Report on Form 10-Q for the quarter ended June 30, 2013, 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
SUNPOWER and MAXEON are registered trademarks of SunPower Corporation in the
U.S. and other countries. All other trademarks are the property of their
SOURCE SunPower Corp.
Contact: Helen Kendrick, SunPower Corp., email@example.com, +1 408
240 5585; Or Sachiko Masuda, Burson-Marsteller Tokyo, Sachiko.firstname.lastname@example.org,
+81 3 3264-6687
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