SunPower (SPWRA) plans to build a panel assembly plant in the United States by the end of 2010, said CEO Tom Werner.
Werner told the Reuters that the company is applying for federal dollars to help fund the factory construction, but he didn't want to say how much. SunPower might end up producing a quarter of its panels at the U.S. factory, he added.
Why? Building regional assembly plants cuts down transportation costs. Several states---Oregon, Arizona, etc.--also offer tremendous tax breaks. Roger Little, CEO of Spire, advocates a "50 Plants for 50 States" model.
SunPower has previously discussed building factories in the United States. The company mentioned the plan when it announced it had hired Jabil Circuit of St. Petersburg, Fla., to assemble SunPower's solar cells into panels in Jabil's plant in Mexico.
The company said the move would shave its expenses and allow it to better serve the North American market. The United States is the company's biggest market.
SunPower has its own cell and panel assembly plants in the Philippines, and is building a cell factory in Malaysia.
Many of SunPower's European and Asian competitors have set up factories in the United States, including Sanyo, SolarWorld, Schott Solar and Sharp. Suntech Power (STP) plans to set up a panel assembly plant, reportedly in Arizona.
17.09.2009 14:03 Vineland Solar One Partnership Dedicates 4.1-Megawatt SunPower Solar Power System / Largest Operating Solar Plant in New Jersey When Complete
NEWARK, Del., VINELAND, N.J. and SAN JOSE, Calif., Sept. 17 /PRNewswire-FirstCall/ -- Vineland Solar One Partnership and SunPower Corp. today announced the completion of 2.3 megawatts of a total 4.1-megawatt solar power system being constructed at the Landis Sewerage Authority in Vineland, New Jersey. When fully built next year, it will be the largest operating solar power system in the state.
Vineland Solar One Partnership, which developed and financed the project, is a consortium of organizations including Conectiv Energy, the Vineland Municipal Electric Utility (VMEU), the City of Vineland, and the Landis Sewerage Authority. SunPower designed and is constructing the system. Conectiv Energy owns the solar renewable energy credits (SRECs) associated with the system.
"I applaud the partnership of public and private organizations that was formed to bring this major new solar development to our state, and help New Jersey meet its aggressive clean energy goals," said New Jersey Governor Jon Corzine. "The Vineland Solar One partnership complements the Energy Master Plan I presented last year, which will strengthen New Jersey's economy by reducing consumers' overall energy expenditures, creating jobs, improving the current energy infrastructure and meeting our environmental goals."
"We are extremely happy with the project and the partnership," said Vineland's Mayor Robert Romano. "The project not only provides clean, renewable energy for our citizens, it does so in a way that saves money for our Electric Utility and Sewerage Authority customers. Vineland Solar One is a win for all involved."
"We are proud to take a leadership role in renewable energy development, and have enjoyed the cooperation of our local partners in Vineland," said Gary Morsches, president and CEO of Conectiv Energy. "This high-efficiency solar power system will provide clean, reliable solar power while improving the quality of the environment for the greater Vineland community."
The Vineland Solar One solar plant features SunPower solar panels, the most efficient solar panels available on the market today, installed on a ground-mounted, fixed-tilt system. The plant will displace approximately 10.4 million pounds of carbon dioxide per year over the expected 30-year life of the technology, which is equal to removing more than 860 cars from New Jersey's highways annually, according to calculations provided by the US Environmental Protection Agency.
"Solar power makes good sense today for utilities, public agencies, businesses and homes," said Tom Leyden, managing director at SunPower. "With SunPower's high-efficiency solar technology, forward-thinking organizations such as Conectiv Energy and their local partners are maximizing the production of emission-free, renewable solar power and the long-term benefits it delivers."
: Relative outperformance to continue into 3rd Q...
NEW YORK (AP) -- Fourth-quarter solar shipments could rise from third-quarter levels, despite typical seasonal weakness, driven mainly by German shipments, said an analyst on Monday as he held to his ratings for First Solar Inc. and SunPower Corp., while maintaining a "Neutral" rating for the sector.
Barclays analyst Vishal Shah said that overall German shipments could potentially reach between 2.5 gigawatts and 3.4 GW, up from his earlier expectations of about 2 GW.
Shah maintained his "Equal Weight" rating for First Solar Inc. and SunPower Corp. and said he expects their relative outperformance to continue into third-quarter earnings.
: Italiens Solarenergiepark wird am Ende 100MW...
-------------------------------------------------- Zitat: SunRay ist Entwickler und Eigentümer des Projektes und wählte SunPower, um den Solarpark zu entwerfen, zu bauen, sowie den laufenden Betrieb zu betreuen und die Wartung auszuführen. SunPower installiert SunPower-Module sowie die eigene Nachführsystem-Technologie des SunPower(R) Tracker an diesem Standort. Das Nachführsystem folgt der Sonne während des Tages und liefert nach Unternehmensangaben bis zu 25 Prozent mehr Energie als fest installierte Systeme. Dieses Projekt stelle die erste Phase eines geplanten 100-Megawatt-Solarparks dar, der voraussichtlich 2010 voll betriebsbereit sein werde.
: SunRay und SunPower wollen den größten Solarpark..
Die Unternehmen SunRay Renewable Energy (Floriana, Malta) und SunPower Corp. (San Jose, Kalifornien) errichten ein 24 Megawatt-Photovoltaik-Kraftwerk in Montalto di Castro (Italien). Die auf 80 Hektar ausgelegte Solarstromanlage in Montalto di Castro werde von einem Konsortium internationaler und italienischer Banken finanziert und soll bei Fertigstellung gegen Jahresende das größte in Betrieb befindliche Solarkraftwerk in Italien sein, heißt es in der Pressemitteilung
Paris (aktiencheck.de AG) - Didier Laurens und Colin Campbell, Analysten der Société Générale, stufen die Aktie von SunPower (Profil) unverändert mit "hold" ein. Das Kursziel sehe man weiterhin bei 29 US-Dollar. (30.09.2009/ac/a/u)
Janney Montgomery Scott initiates coverage on SunPower (Nasdaq: SPWRA) with a Buy. Price target $45.
Janney analyst says, "SunPower is a technology leader and has the strongest brand in the solar industry. The Company's position downstream will allow it to drive sell-through, react quickly to changes in pricing and demand levels, and better manage its variable, balance of system (BOS) costs, associated with installations. This is critical to profitability in the current environment of excess manufacturing capacity. With its leading module conversion efficiencies and energy density, we believe SunPower is positioned to capture a large share of key solar markets, particularly mid-sized distributed generation. Key catalysts for SunPower's stock include the anticipated establishment of a feed-in tariff in California, continued project wins on the power plant front (especially in the 1-20MW niche), and cost improvements driven by the over-supply environment."
: SunLink zahlt künftig Lizenzgebühr an SunPower...
SunPower beendet Patentstreit mit SunLink Donnerstag, 08.10.2009 16:47
SAN JOSE (IT-Times) - Die SunPower Corp. (NYSE: SPWRA, WKN: A0HHD1) hat den Patentstreit mit Wettbewerber SunLink beigelegt. Über die Details der außergerichtlichen Einigung vereinbarten die beteiligten Unternehmen striktes Stillschweigen.
: 7 von 20 Teams nutzen Module von SunPower...
Solar Decathlon: Sieben von 20 Teams nutzen Photovoltaik-Module von SunPower
Die SunPower Corporation, Hersteller von Solarzellen, Solarmodulen und Photovoltaik-Anlagen mit Sitz in San Jose (Kalifornien), berichtete am 9.10.2009, dass sieben der 20 Universitäten, die am Wettbewerb "Solar Decathlon" des US-Energieministeriums teilnehmen, ihre Solar-Häuser mit Photovoltaik-Modulen des Unternehmens ausstatten. Laut Pressemitteilung sind die Module von SunPower die beliebtesten im Wettbewerb, weil sie die höchsten Wirkungsgrade aller derzeit auf dem Markt befindlichen Module hätten. "SunPower freut sich, erneut das Engagement und das Talent der studentischen Wettbewerbsteilnehmer zu unterstützen, um marktreife Solar-Häuser auf der National Mall in Washington, D.C. zu errichten", sagte Julie Blunden, Vizepräsidentin für Unternehmenskommunikation bei SunPower.
: SP's Solar Panels Power Three Teams at Decathlon..
SunPower's High-Efficiency Solar Panels Power the Top Three Teams at the 2009 U.S. Department of Energy Solar Decathlon / Technische Universitat Darmstadt of Germany Takes First Place for the Second Consecutive Event
SAN JOSE, Calif., Oct. 16 /PRNewswire-FirstCall/ -- SunPower Corp. , a Silicon Valley-based manufacturer of high-efficiency solar cells, solar panels and solar systems, today announced that the teams of students representing universities from Germany, Illinois and California have placed first, second and third, respectively, at the 2009 U.S. Department of Energy Solar Decathlon. All three winning teams used SunPower's high-performance solar panels to power their homes in this competition. Technische Universitat Darmstadt of Germany took top honors for the second consecutive event. This marks the third consecutive Solar Decathlon where SunPower's solar panels were used by the competition's first-place team.
The 2009 Solar Decathlon, sponsored by the U.S. Department of Energy (DOE), was held October 8 through October 16 on the National Mall in Washington, D.C. Twenty teams of university students competed in 10 contests, including architecture, engineering, market viability and solar energy production. The first Solar Decathlon was held in 2002, and competitions now take place every other year.
Team Germany, using the SunPower 300 Solar Panel, a 96-cell, all-black panel, scored a perfect 150 points in Net Metering, a new category added to the competition this year. The University of Illinois chose the SunPower 225 Solar Panel for its highly energy-efficient house and earned second place in the Net Metering contest. Team California, which also used the SunPower 225 Solar Panel, took top honors in the architecture category. SunPower solar panels powered a total of seven schools in this competition, with Team Boston, University of Puerto Rico, University of Kentucky, and Team Spain also choosing SunPower solar panels for their homes.
"It is a great honor to have SunPower's solar panels power the top three winning homes at this year's Solar Decathlon," said Tom Werner, CEO of SunPower Corp. "The remarkable passion for design and engineering innovation that these teams displayed is commendable, and we applaud their commitment to finding a clean-technology solution to power their homes today and in the future. We also congratulate the DOE for its continued commitment to support these teams and their funding of solar research and development."
: Pulverfass! Topzahlen erwartet! Über 30% short...
NEW YORK (AP) -- SunPower Corp. shares jumped Monday as an analyst upgraded the solar electronics system maker's stock on expectations for stronger revenue growth and margins.
Shares of SunPower climbed $2.31, or 7.3 percent, to $33.91 in afternoon trading. The stock has ranged from $18.50 to $54.50 over the past year.
Macquarie Equities Research analyst Kelly Dougherty said the company's flexible business model positions it well to gain from growth in the U.S. market in 2010. She predicted strong results for solar companies in the third quarter, particularly for those outside Europe.
"We believe SunPower will be one of the better performers as its robust revenue and earnings-per-share growth will be driven by strong systems activity augmented by incremental components segment sales," Dougherty said.
She upgraded the stock to "Neutral" from "Underperform," noting that shares are still expensive compared to many of the company's peers.
Dougherty raised her 2009 and 2010 profit estimates as well.