On October 3rd, 2012, SunPower Corp. (San Jose, California, U.S.) announced that Epuron (North Sydney, Australia) has acquired the 1-megawatt (MW) Uterne solar power plant located in Alice Springs, Australia.

The project was developed by SunPower with the support of Power and Water Corp. Commonwealth Bank, a provider of integrated financial services in Australia, which has provided project financing.

The Uterne solar plant is comprised of high efficiency SunPower solar panels installed on the SunPower T20 Tracker, which positions panels to follow the sun during the day, increasing daily energy production by up to 30% over conventional fixed-tilt installations.


20-year PPA with Power and Water

Under a solar power purchase agreement (PPA), Power and Water will buy the electricity at a guaranteed rate over a 20-year term. Following the acquisition, SunPower will continue to provide operations and maintenance services in conjunction with Ogden Power (Alice Springs, Australia), a SunPower accredited solar company.

"The acquisition of Uterne further demonstrates Epuron's commitment to a growing solar portfolio in the Northern Territory," Epuron Executive Director Andrew Durran stated.

"The project is a great addition to our 1-megawatt remote TKLN Solar project, making Epuron one of the largest solar project owners and asset managers in Australia. Epuron is especially pleased to be able to project finance the acquisition through CBA, a first for a project of this size in Australia."

2012-10-07 | Courtesy: SunPower Corp. | solarserver.com © Heindl Server GmbH

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