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Casino Group Signs 14-Megawatt Solar Panels Supply Agreement With SunPower

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.

With its European headquarters in Geneva, SunPower systems have been installed on facilities operated by the Bon Preu Esclat supermarket chain in Spain, and on multiple rooftops for US-based retailers such as Target, Wal-Mart Stores, Macy's and Lowe's.

Source : Communiqué SUNPOWER

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