Tuesday, April 03, 2007

PowerLight to Build 4.8 Megawatt Solar Electric Power Plant in Spain

GENEVA, April 2 /PRNewswire-FirstCall/ -- PowerLight, a leading global provider of large scale solar power systems and a subsidiary of SunPower Corporation (Nasdaq: SPWR), announced today that its Swiss subsidiary,PowerLight Systems S.A., has entered into an agreement with Agrupacion Solar Llerena-Badajoz 1, A.I.E. and Solarpack Corporacion Tecnologica,S.L., to design and build a solar electric power plant in Llerena, Spain. The plant is expected to generate approximately 4.8 megawatts of peak power.

The project will cover an area of approximately 19 hectares, and will employ proprietary solar tracking technology developed by PowerLight, which increases annual energy production by up to 22 percent compared with fixed-tilt systems. Construction is expected to be complete by the end of this year. Solarpack is the project developer.

"PowerLight offers today's most advanced solution for maximizing both solar energy production and financial project returns on large-scale solar projects," said Jose Galindez, chief executive officer of Solarpack. "We are looking forward to working with PowerLight to complete this project and deliver emission-free, renewable solar power to the people of Llerena and
the surrounding area."

"Spain has one of the best solar resources on Earth and we applaud the government's active leadership in bringing solar power to market," said Marco Antonio Northland, PowerLight general manager, Europe. "With excellent partners like Solarpack, we look forward to responding to Spain's power needs with reliable, clean and affordable solar energy."
PowerLight is a market leader in Southern Europe, with a number of projects under development in the region. On March 28, an 11-megawatt project in Serpa, Portugal, designed and deployed by PowerLight, was officially dedicated.

About PowerLight

PowerLight is a leading global provider of large-scale solar power systems, delivering over a decade of experience and financial value to commercial, utility, public sector and residential customers worldwide. PowerLight designs, deploys and operates the largest solar power systems in the world through market-leading innovation and exceptional customer service. For more information, please visit http://www.powerlight.com. PowerLight is a subsidiary of SunPower Corp.

About SunPower

SunPower Corp. designs, manufactures and markets high-performance solar electric technology worldwide. SunPower's high-efficiency solar cells and panels generate up to 50 percent more power per unit area than conventional solar technologies and have a uniquely attractive, all-black appearance. SunPower's PowerLight subsidiary is a leading global provider of large-scale solar power systems, with over 100 megawatts installed. For more information on SunPower please visit the SunPower website at http://www.sunpowercorp.com. SunPower is a majority-owned subsidiary of Cypress Semiconductor Corp. (NYSE: CY).

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