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SunPower Signs 15-Megawatt Supply Agreement with Mahindra

SunPower Corp. (NASDAQ: SPWRA, SPWRB) announced today that Mahindra EPC Services Pvt Ltd  has ordered 15 megawatts of SunPower solar panels and SunPower® T0 Tracker technology for delivery by the end of this year. The solar panels will be used by Mahindra for building multiple grid-connected solar power plants in India in the Punjab, Rajasthan and Gujarat regions.

“SunPower offers bankable technology solutions and guaranteed performance,” said Parag Shah, Cleantech head of Mahindra. “As a result, we are confident that the solar plants we build will reliably maximize our return on investment while generating clean, renewable power for India.”

“Mahindra is a recognized global business leader, and we are pleased to establish this partnership with them in India,” said Howard Wenger, president of SunPower’s utility and power plant business group. “Using SunPower technology, the most efficient and reliable solar technology available on the market today, Mahindra will be well-positioned for long-term success in solar development.”

The SunPower T0 Tracker is a ground-mounted system that rotates the solar panels to follow the sun’s movement during the day, increasing sunlight capture by up to 25 percent over conventional fixed-tilt systems.  In addition, this technology significantly reduces land use requirements.

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