ojects that utilize standard templates and design best practices to create a solution tailored to site conditions. The company’s panels are especially suited to structures, such as those found in parking lot applications. Sales Channels and Financing Options The company sells its commercial solar energy solutions to commercial and public entity end customers through various means, including direct sales of turn-key engineering, procurement and construction (EPC) services, sales to its third-party global dealer network and to 8point3 Energy Partners, and sales of its O&M services. The company also offers some of its commercial customers alternatives to purchasing systems, such as selling energy to them under power purchase agreements (PPAs). Power Plants Power Plant Systems The company offers the industry's first modular solar power block, the Oasis system, which combines SunPower solar panels and tracker technology into a scalable 1.5 megawatts solar power block, which streamlines the construction process while optimizing the use of available land by conforming to the contours of the production site. The power block kits are shipped pre-assembled to the job site for field installation. The Oasis operating system is designed to support grid interconnection requirements for large-scale solar power plants, such as voltage ride-through and power factor control. Approximately 1.5 GW of the Oasis system is installed or under contract worldwide. The company’s single axis tracking systems automatically pivot solar panels to track the sun's movement throughout the day. A single motor and drive mechanism can control 10 to 20 rows, or approximately 200 kilowatts, of solar panels. The company’s solar concentrator, LCPV, combines a horizontal single-axis tracker with rows of parabolic mirrors, reflecting light onto linear arrays of its solar cells. The SunPower cell is suited for this application due to its under low levels of concentration. Utility-Scale Solar Power System Construction and Development The company’s global project teams have established a scalable, fully integrated, vertical approach to constructing and developing utility-scale photovoltaic power plants in a sustainable way. The company enters into EPC agreements with customers under which it designs, engineers, constructs, commissions, and delivers functioning rooftop- and ground-mounted solar power systems. This includes the development, execution, and sale of solar power plants, which generally include the sale or lease of related real estate. Under such development projects, the plants and project development rights, initially owned by the company, are later sold to third parties. In the United States, commercial and electric utility customers typically choose to purchase solar electricity under a PPA with an investor or financing company that buys the system from the company. In other areas, such as the Middle East, Africa, and South America, projects are typically purchased by an investor or financing company and operated as central-station solar power plants. Sales Channels and Financing The company’s power plant business refers to sales of its large-scale solar products and systems, including power plant project development and project sales, EPC services for power plant construction, power plant O&M services and component sales for power plants developed by third parties, sometimes on a multi-year, firm commitment basis. Its utility-scale solar power systems are typically purchased by an investor or financing company and operated as central-station solar power plants. The company also sells utility-scale solar power plants to 8point3 Energy Partners. The company is able to utilize various means to finance its utility-scale power plant development and construction projects, which include arranging tax equity financing structures, utilizing non-recourse project debt facilities, and executing its HoldCo strategy in conjunction with project sales to 8point3 Energy Partners. Operations and Maintenance The company’s solar power systems are designed to generate electricity over a system life typically exceeding 25 years. It
(SPWR:Consolidated Issue Listed on NASDAQ Global Select )
77 Rio Robles
San Jose, CA 95134
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