SunPower Celebrates the Dedication
of SOLON's Gut Erlasee Solar Park
World's Largest Solar Electric
Power Plant Features SunPower's High-Efficiency A-300
SAN JOSE, Calif., Sept 1, 2006 -
SunPower Corporation (Nasdaq: SPWR),
a Silicon Valley-based manufacturer of the world's
highest efficiency, commercially available solar cells
and solar panels, celebrated today's dedication of
SOLON's Gut Erlasee Solar Park, the world's largest
solar electric power plant. This 12 MW solar power
plant is located in a working agricultural field in
Bavaria, near Arnstein, Germany, and will fulfill
the electrical needs of thousands of local customers
SunPower's high-efficiency A-300 solar
cells are used in SOLON's "Mover" electricity generation
system, designed for deployment in multi-megawatt
solar power plants. The movers automatically tilt
and rotate during the day to directly face the sun
at all times. By combining SunPower's industry-leading,
high-performance solar cells with the Mover's ability
to maximize daily energy production, each square foot
of Mover solar panel surface can generate up to double
the annual energy of a fixed solar array using conventional
solar. At Gut Erlasee, SunPower's solar cells power
about one-third of the Movers but generate a higher
proportion of the energy at the Solar Park due to
their exceptional performance.
"We are very pleased
to be part of today's dedication ceremonies," said
Peter Aschenbrenner, vice president of sales and marketing,
for SunPower Corp. "This installation is a testament
to SOLON's vision to make solar power a mainstream
energy source -- in this case providing solar power
to thousands of customers in a unique and cost-effective
way. We are proud that our high-efficiency solar cells
are powering many of the Movers at Gut Erlasee."
Krupke, CEO of SOLON AG, added, "Since the start of
our cooperation last year, SunPower has been an important
strategic partner for SOLON. By using SunPower's high-efficiency
solar cells, we were able to increase the energy output
of our SOLON movers, while offering the solar power
market a state of the art product."
SunPower Corporation (Nasdaq: SPWR) designs and manufactures
high-efficiency silicon solar cells and solar panels
based on an all-back contact cell design. SunPower's
solar cells and panels generate up to 50 percent more
power per unit area than conventional solar technologies
and have a uniquely attractive, all-black appearance.
For more information on SunPower or solar technology,
please visit the SunPower website at http://www.sunpowercorp.com
. SunPower is a majority-owned subsidiary of Cypress
Semiconductor Corp. (NYSE: CY).
Forward Looking Statement
Statements made in this release that are not historical
in nature and that refer to SunPower's plans and expectations
for the future, are forward-looking statements made
pursuant to the Private Securities Litigation Reform
Act of 1995. We use words such as "estimates," "anticipates,"
"believes," "expects," "future," "look forward," "planning,"
"intends" and similar expressions to identify such
forward-looking statements. Our actual results may
differ materially due a variety of factors, including
but not limited to the risks identified in our filings
with the Securities and Exchange Commission. All forward-looking
statements included in this release are based upon
information available to SunPower as of the date of
this release, which may change, and are based on current
expectations and are subject to risks and uncertainties
which could materially affect the company's results.
These and other risk factors are contained in documents
that the company files with the SEC, including the
Form 10-K for fiscal 2005 and its recent 10-Qs. SunPower
is under no obligation to, and expressly disclaims
any responsibility to update or alter, its forward-looking
statements, whether as al result of new information,
future events or otherwise.
NOTE: SunPower is a registered
trademark of SunPower Corporation. Cypress is a registered
trademark of Cypress Semiconductor Corp. All other
trademarks are the property of their respective owners.
SOURCE SunPower Corporation