Wells Fargo Bank and co-operation SunPower solar projects

Recently, Wells Fargo Bank and the German SunPower Corporation announced that it would build a commercial solar energy projects, total investment is expected to reach 100 million U.S. dollars.

It is reported that the project's power system from SunPower Corporation throughout the design, construction, operation and maintenance, is responsible for Wells Fargo to raise project funding. In addition, SunPower will be eligible customers with the signing of power purchase agreements, these customers can be a long-term low-cost companies from buying electricity from SunPower.

The first phase of the project, including an installed capacity of 1.1 megawatts, respectively, and two 1-megawatt solar power system, which is scheduled for completion by the end of this year. They will install the SunPower Introduces T20 rotary tracking system can be fixed-tilt ground systems than collecting 30 percent more energy.

SunPower has installed more than 500 contracts have been signed or the large-scale public and commercial solar power system, with a total installed capacity of more than 400 megawatts.

Wells Fargo Bank since 2006 a total of renewable energy projects to provide more than 1.75 billion U.S. dollars in loans. This includes 27 wind energy projects, more than 150 commercial solar energy projects and a multi-function solar heating project.

Jul. 10,2009