Silicon Valley-based, solar energy equipment maker SunPower Corp. (Nasdaq: SPWR) announced today it will design and build a solar power plant with 8 megawatts (MW) of generating capacity in Spain.
According to SunPower, a corporate affiliate of The Naturener Group, a Spanish-based company, will own the solar power plant, and SunPower expects the system will begin operating in September 2008.
In electronic premarket trading, SunPower shares rose $2.24 to $133.53 after closing Thursday at $131.29.
About SunPower
SunPower Corporation designs, manufactures and delivers solar electric systems worldwide for residential, commercial and utility-scale power plant customers. With headquarters in San Jose, Calif., SunPower has offices in North America, Europe and Asia. SunPower is a majority-owned subsidiary of Cypress Semiconductor Corp. (NYSE: CY).
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