Jul 10 2008

SunPower to Build Big Solar Plant for Florida Power

Posted by: Leonard Anderson

SunPower Corp. said this morning it will build the largest solar photovoltaic power plant in the country for Florida Power & Light, a 25-megawatt plant in DeSoto County that will apply a tracking system tilting solar modules toward the sun as it moves across the sky. The plant will be completed in 2009, subject to approval by Florida regulators. Financial details were not disclosed.

SunPower, a subsidary of Cypress Semiconductor Corp., also said it will build a 10-MW PV power plant for the Florida utililty at the Kennedy Space Center, to be completed in 2010.

"These agreements confirm the growing trend in the U.S. to build solar power plants at a scale rivaling those in market-leading countries such as Germany and Spain," Howard Wenger, SunPower senior vice president, said.

Currently, the largest solar PV plant in North America is SunPower's 14-MW plant at Nellis Air Force Base in Nevada.

SunPower's stock rose by 15.1 percent on the news to $70.48 on Nasdaq.

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