SunPower

SunPower Corp. today announced that SunPower world-leading solar technology has been selected for installation at several U.S. government properties, including for the Department of Energy's National Renewable Energy Lab (NREL), the General Services Administration (GSA), the Navy and the Air Force. SunPower expects to create more than 1000 local jobs during the construction of these projects. These contracts represent a minimum of 20 megawatts (MW) of new solar projects for SunPower.

• Q2 2010 revenue of $384 million vs. $347 million in Q1 2010
• Q2 GAAP gross margin of 22.9%, Q2 Non-GAAP gross margin of 26.3%
• Q2 GAAP EPS loss of $0.06, Q2 non-GAAP EPS of $0.15

"SunPower had a strong second quarter, as our Non-GAAP EPS of $0.15 exceeded our internal plan, and we remain on track to meet our 2010 financial and operating plans," said Tom Werner, SunPower's CEO.

SunPower Corp. (Nasdaq: SPWRA, SPWRB) today announced it has signed an agreement with Arizona Public Service (APS) to design and construct a 15-megawatt (AC) solar photovoltaic power system at Luke Air Force Base in Glendale, Arizona. Scheduled for completion in the summer of 2011, it is expected to be the largest solar power installation at a U.S. government facility. Approximately 550 local jobs will be created during construction.

Etrion Acquires 28-Megawatt Montalto di Castro Solar Park

SunPower Corp. (Nasdaq: SPWRA, SPWRB) today announced that Etrion Corporation (TSX: ETX), an independent solar power producer, has signed a euro 48 million definitive sale and purchase agreement to acquire the equity in the first two phases of the Montalto di Castro solar photovoltaic (PV) power park, the largest in Italy.

SunPower Corporation (Nasdaq: SPWRA, SPWRB), a manufacturer of high-efficiency solar cells, solar panels, and solar systems, today announced it has completed a 505-kilowatt solar power installation for Horizon Power, a government-owned utility providing power to remote and regional communities and resource operations in Western Australia.

Pardee Homes' Solar-Powered, Energy Efficient New Homes Expected to Save Homeowners Almost 40 Percent on Electric Bills

SunPower Corp. (Nasdaq: SPWRA, SPWRB) today announced it is working with Pardee Homes to build nine solar-powered new home communities in Southern California.

SunPower System Financed With American Recovery and Reinvestment Act Funds; $8.8 Million in Savings Expected

SunPower Corp. (Nasdaq: SPWRA, SPWRB) and Solar Ventures S.r.l., a developer of solar parks in Italy, France and the Mediterranean area, today announced that they have signed a contract to design and build three solar power plants in the Piedmont region of Italy. Totaling 11.1 megawatts over 30 hectares, the development represents one of the largest solar power developments in the region. Construction on the plants will start this month and is expected to be completed by the end of the year.

SunPower Corp. (Nasdaq: SPWRA, SPWRB) and MBG, a SunPower authorized partner, announced today that MBG completed the installation of a 29.7-kilowatt high-efficiency SunPower system on the roof of the FriedrichstadtPalast, Berlin's historic landmark theater building, which features the largest performance stage in the world.