SunPower Corporation (Nasdaq: SPWRA; SPWRB), a Silicon Valley-based manufacturer of solar cells, panels and systems, announced it has signed a customer contract with Italian solar plant integrator Ecoware, S.p.A., which is part of the Kerself Group (KRS.MI).
Under the agreement, SunPower will provide Ecoware with at least 130 megawatts (MW) of solar panels over the next four years beginning in 1Q09.
"As electric rates continue to rise, SunPower recognizes the long-term growth opportunity for solar power in Italy and throughout Europe," said Howard Wenger, SunPower’s president, global business units. "SunPower’s high-efficiency solar panels improve the energy delivery and will lower the levelized cost of energy of Ecoware’s ground mounted trackers."
Ecoware is a leading Italian systems integrator, designing turn-key power plant solutions. It manufactures dual-axis ground mounted tracker systems, and has designed and installed many solar parks throughout Italy. Ecoware also plans to expand its business into Southern and Eastern Europe.
"SunPower’s high-efficiency solar panels maximize the energy output from each of our proprietary ground-mounted tracker systems by up to 50% when compared to conventional solar panels," said Leopoldo Franceschini, president of Ecoware. "Italy’s abundant sunshine and strong support for solar power offer us the opportunity to substantially expand our operations as one of Italy’s leading solar integrators."
About SunPower
SunPower Corporation designs, manufactures and delivers high-performance 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, Australia, and Asia.
About Ecoware
Ecoware, which belongs to Kerself Group, is an Italian turn-key PV contractor. The company designs, manufactures and installs commercial and utility-scale power plants with its brand of bankable fixed and biaxial solutions. Ecoware offers a truly unique range of services including well established scouting operations in Italy and is expanding into both Southern and Eastern European markets. Ecoware headquarters are in Padua, Italy. For more information, visit http://www.ecoware.eu.
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