Casino Group Signs 14-Megawatt Solar Panels Supply Agreement With SunPower (Reuters.com)

SAN JOSE, Calif. and GENEVA, Sept. 8 /PRNewswire-FirstCall/ — The French
retailer Casino Group and SunPower Corp. (Nasdaq: SPWRA, SPWRB) today
announced that SunPower will supply 14 megawatts of high-efficiency solar
photovoltaic panels to the supermarket conglomerate by the end of this year.
Casino Group will use the panels to install solar power systems ranging from
900 kilowatts to 5 megawatts on rooftops and parking structures on supermarket
locations in mainland France and the islands of Mayotte and La Reunion.

“This is the first step of a major new renewable energy initiative for Casino,
which includes a pipeline of projects to be developed over the next several
months,” said Casino Chief Real Estate and Development Officer Jacques
Ehrmann. “SunPower’s proven high-efficiency technology generates the most
power in space constrained areas. This will allow us to maximize the amount of
clean, renewable solar power that will be produced at our facilities, and
reinforces our commitment to sustainable development.”

“As a successful business leader with one of the largest retail networks in
France, Casino understands that solar power today offers a great return on
investment. We are delighted to partner with Casino in significantly expanding
the rooftop solar market in France,” said SunPower Senior Director Jorn
Jurgens.

SunPower will supply Casino with its SunPower(R) 315 Solar Panel and
SunPower(R) 305 Solar Panel, offering 315-watts and 305-watts per panel,
respectively. These panels are comprised of 96 SunPower solar cells that
deliver more energy production per square meter than conventional panels. The
315-watt SunPower solar panel currently offers the industry’s highest
conversion efficiency of 19.3 percent. Some of the systems will be considered
building-integrated photovoltaic systems under the French feed-in-tariff
program.

Reuters Release: http://www.reuters.com/article/pressRelease/idUS74801+08-Sep-2009+PRN20090908

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Posted via email from New Orleans Solar Power

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