SunPower to Supply 54 Megawatts of Solar Power Technology to NRG Solar
SunPower Corp. (NASDAQ: SPWR) announced today that it will supply NRG Solar, a subsidiary of NRG Energy, Inc. (NYSE: NRG), with a total of 54 megawatts of SunPower solar power technology.
Under a supply agreement, SunPower will deliver 24 megawatts of high efficiency solar panels to NRG by year-end 2011. The balance of megawatts, as well as a portion of the 2011 panels, will support NRG's 26-megawatt (ac) Borrego Solar Project in San Diego County, Calif., for which SunPower is supplying its SunPower® Oasis™ Power Plant technology. The Borrego project has a 25-year power purchase agreement with SDG&E that has been approved by the California Public Utilities Commission.
"We are pleased to partner again with NRG and provide them with 54 megawatts of reliable SunPower solar technology that will maximize the power generated at the Borrego Solar Project and their other development projects," said Howard Wenger, SunPower president, regions. "With more than 500 megawatts of SunPower power plants generating emission-free, affordable solar power around the globe today, our technology delivers guaranteed long-term performance."
