SunPower Corp. (NASDAQ: SPWR) announced that it will supply NRG Solar, a subsidiary ofNRG Energy, Inc. (NYSE: NRG), with a total of 54 megawatts (dc) of SunPower solar power technology.
Under a supply agreement, SunPower will deliver 24 megawatts (dc) 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."
SunPower and NRG recently celebrated the start of construction of the 250-megawatt California Valley Solar Ranch (CVSR) project in San Luis Obispo County, Calif. First announced more than three years ago by SunPower, and acquired by NRG on September 30, 2011, CVSR is one of the largest central station photovoltaic solar plants in the world. It is expected to create approximately 350 jobs over its two-year construction period and to inject $315 million into the local economy.
The SunPower Oasis Power Plant product is a fully integrated, modular solar power block that is engineered to rapidly and cost-effectively deploy utility-scale solar projects while optimizing land use. Each power block integrates the SunPower® T0 Tracker with high efficiency SunPower solar panels, pre-manufactured system cabling and other advanced features.