We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
SunPower's 100-MW Solar Plant to Power Santiago Subway
Read MoreHide Full Article
SunPower Corporation (SPWR - Free Report) in collaboration with TOTAL S.A. has agreed to supply 300 gigawatt (GW) hours per year of clean solar energy to Santiago metro. Electricity generated from SunPower’s 100-megawatt (MW) El Pelicano solar project will be supplied to the subway system in Chile’s largest city. The company will start constructing the solar project this year and is expected to complete the same by 2017 end.
The El Pelicano Solar Project should meet about 60% of the subway network’s total energy requirement. The subway network serves 2.2 million passengers a day. With this deal, it will become the first public transport system to operate mostly on solar power.
Similar Initiatives
SunPower strives to provide high-performance solar products to its customers. The company utilizes sophisticated manufacturing techniques to improve solar cell efficiency, reduce wafer thickness, improve throughput, process yield and quality, and introduce new products that assist customers to develop solar projects.
In spite of the ongoing slump in oil prices, alternative sources of energy, particularly solar, have been gaining popularity rapidly mainly on the back of their clean burning nature.
To tap the growing demand for solar products, SunPower has undertaken several initiatives to strengthen existing operations and increase production volumes. The company’s customer base is spread across North America, Europe, the Middle East and Asia. In Japan, it has started the construction of the 27-MW Nanao project, which is slated to begin commercial operation from first-quarter 2017. Mexico has recently shifted its focus to clean energy and SunPower is playing a key role in this transition. Recently, the company received orders to develop 500 MW solar projects in the country.
In the U.S., solar energy will constitute only 1.1% of the total utility-scale generation in 2017, according to a U.S. Energy Information Administration report. This provides immense room for growth both for the industry and its players like SunPower and First Solar Inc. (FSLR - Free Report) .
Zacks Rank & A Key Pick
SunPower currently has a Zacks Rank #4 (Sell).
A better-ranked stock in the same space is JinkoSolar Holding Co. Ltd. (JKS - Free Report) , with a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
SunPower's 100-MW Solar Plant to Power Santiago Subway
SunPower Corporation (SPWR - Free Report) in collaboration with TOTAL S.A. has agreed to supply 300 gigawatt (GW) hours per year of clean solar energy to Santiago metro. Electricity generated from SunPower’s 100-megawatt (MW) El Pelicano solar project will be supplied to the subway system in Chile’s largest city. The company will start constructing the solar project this year and is expected to complete the same by 2017 end.
The El Pelicano Solar Project should meet about 60% of the subway network’s total energy requirement. The subway network serves 2.2 million passengers a day. With this deal, it will become the first public transport system to operate mostly on solar power.
Similar Initiatives
SunPower strives to provide high-performance solar products to its customers. The company utilizes sophisticated manufacturing techniques to improve solar cell efficiency, reduce wafer thickness, improve throughput, process yield and quality, and introduce new products that assist customers to develop solar projects.
In spite of the ongoing slump in oil prices, alternative sources of energy, particularly solar, have been gaining popularity rapidly mainly on the back of their clean burning nature.
To tap the growing demand for solar products, SunPower has undertaken several initiatives to strengthen existing operations and increase production volumes. The company’s customer base is spread across North America, Europe, the Middle East and Asia. In Japan, it has started the construction of the 27-MW Nanao project, which is slated to begin commercial operation from first-quarter 2017. Mexico has recently shifted its focus to clean energy and SunPower is playing a key role in this transition. Recently, the company received orders to develop 500 MW solar projects in the country.
In the U.S., solar energy will constitute only 1.1% of the total utility-scale generation in 2017, according to a U.S. Energy Information Administration report. This provides immense room for growth both for the industry and its players like SunPower and First Solar Inc. (FSLR - Free Report) .
Zacks Rank & A Key Pick
SunPower currently has a Zacks Rank #4 (Sell).
A better-ranked stock in the same space is JinkoSolar Holding Co. Ltd. (JKS - Free Report) , with a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>