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SunPower and K6 Partner on Two Solar Power Plants in Italy

SunPower Corp. and K6 S.a.S. have announced an agreement under which the companies are building two 1-megawatt photovoltaic solar power plants in the Puglia region, Italy. The two plants are located in Casamassima and Conversano and will be complete by August 2010.

The clean, renewable solar power generated by the plants will provide electricity locally, and contribute to Italy’s national electric grid.

“The cooperation with SunPower is consistent with K6’s strategy to develop highly efficient solar parks,” said Luciano Di Filippo of K6. “SunPower’s most efficient tracker will allow us to achieve optimal energy production, meeting our target financial model in the time period expected and helping to drive renewable energy.”

At the sites, SunPower will install SunPower panels, the most efficient solar panels commercially available, and the proprietary SunPower T20 Tracker technology. The Tracker follows the sun during the day and delivers up to 30 percent more energy than fixed-tilt systems, requiring only half the land area to produce the same amount of energy as conventional dual-axis trackers. A non-ground penetrating, pre-cast concrete foundation option minimizes environmental impact. Real-time, remote monitoring and control is enabled via the SunPower TMAC Advanced Tracker Controller.

“We are delighted to expand our portfolio of Italian solar power plant projects with these two latest parks we are designing and building for K6,” said Luca Bandini, general manager of SunPower Italia. “SunPower has leveraged its global power plant experience to offer cost saving enhancements to its T20 Tracker technology, including remote monitoring and control capabilities that enable seamless integration with power plant supervisory control and data acquisition (SCADA) systems.”

SunPower has more than 200 megawatts of solar power plants operating globally today, including Italy’s largest solar power plant, the 24-megawatt plant in Montalto di Castro. Earlier this month, SunPower announced that it signed a definitive agreement to acquire SunRay Renewable Energy, a leading European solar power plant developer with offices in Europe and the Middle East, including a principle project office in Rome. Upon closing the transaction, SunPower will acquire a project pipeline of solar PV projects totaling more than 1,200 megawatts in Italy, France, Israel, Spain, the United Kingdom, and Greece.

K6 S.a.S. was founded in November 2008 as an Italian investment and management company based in Milan. K6 is focused on developing, financing, building, owning, and operating solar parks, which are developed coherently with business evolution and technological improvements. With strong management and technical capabilities, due to previous experience and a solid background, the management team is continually involved in identifying opportunities, taking into account environmental matters, to build plants that are able to deliver clean and reliable renewable energy solutions. In 2010, K6 is focused on developing and connecting to the grid approximately 20 MW in the southern part of Italy.

Founded in 1985, SunPower Corp. designs, manufactures and delivers the planet’s most powerful solar technology broadly available today. Residential, business, government, and utility customers rely on the company’s experience and proven results to maximize return on investment. With headquarters in San Jose, California, SunPower has offices in North America, Europe, Australia, and Asia.

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