SunPower Completes 1.4-Megawatt Solar Power Plant in South Korea
Tue May 20, 8:02 AM
ca.news.finance.yahoo.com.
SEOUL, South Korea, May 20 /PRNewswire-FirstCall/ -- SunPower Corporation (Nasdaq: SPWR), a manufacturer of high-efficiency solar cells, solar panels, and solar systems, today announced that it has completed design and construction of a new 1.4-megawatt solar electric power plant project in Hampyeong, South Korea.
SunPower worked with Korean energy company EnE System to complete the plant, which is owned by Hampyeong Solar Plus, and will generate 1.8 million kilowatt-hours per year.
"By utilizing the highest efficiency SunPower solar technology, Hampyeong Solar Plus is maximizing both their financial returns and the environmental benefits of this solar power plant," said Stanley S.K. Bae, SunPower's general manager in Korea. "Along with EnE System, they are demonstrating leadership by addressing Korea's tremendous energy needs with clean, renewable solar power."
At the power plant site, SunPower installed SunPower panels, which are up to 50 percent more efficient than conventional panels, as well SunPower(R) Tracker solar tracking systems. The Tracker tilts toward the sun as it moves across the sky, significantly increasing daily energy production compared with fixed-tilt systems.
"We selected SunPower based on the company's experience with utility-scale power plant projects as well as the efficiency and proven reliability of SunPower's technology," said Sang Kug, Moon, managing director of EnE System.
SunPower is doing business in Korea in several areas. The company has a multi-year polysilicon supply agreement with Korea's DC Chemical Co., Ltd., and has invested in a joint venture with Woongjin Holding Co. Ltd. to manufacture mono-crystalline silicon ingots, with polysilicon supplied primarily from DC Chemical. SunPower also recently commissioned three additional solar power plants, including a 2-megawatt installation in Jeonju, the 2.2-megawatt Mungyeong SP Solar Mountain plant, and a 1-megawatt plant in Gwangju.
This month, SunPower is showcasing its products and service offerings as an exhibitor (in booth B-096) at Green Energy Expo, 21-23 May, in Daegu, Korea. On May 22 at the Expo, the company is hosting a seminar entitled "SunPower Technology Solutions," featuring the SunPower Tracker as well as the SunPower T10 Solar Roof Tile for commercial rooftops. For more information on the seminar, contact Jenny Kwon at jkwon@sunpowercorp.com.
About SunPower
SunPower Corporation (Nasdaq: SPWR) designs, manufactures and delivers high-performance solar electric systems worldwide for residential, commercial and utility-scale power plant customers. SunPower high-efficiency solar cells and solar panels generate up to 50 percent more power than conventional solar technologies and have a uniquely attractive, all-black appearance. With headquarters in San Jose, Calif., SunPower has offices in North America, Europe and Asia. For more information, visit www.sunpowercorp.com. SunPower is a majority-owned subsidiary of Cypress Semiconductor Corp. (NYSE: CY). |
