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SUNPOWER CORPORATION (SPWR)
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SunPower : commissions 100MW PV project in Chile

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01/13/2018 | 03:39pm CET

Michelle Bachelet, the president of Chile, and Chiles minister of energy, Andrs Rebolledo, held a ceremony to inaugurate the 100MW El Pelcano solar power plant in Chilean region of Coquimbo.

The project is owned by SunPower and was developed on 186 hectares of land in La Higuera.

Now operational, the 100MW PV installation generates enough electricity to meet the energy needs of an average of 120,000 Chilean homes. Electricity generated by the site will be used to support the Metro system of the Chilean capital, Santiago.

Bachelet said: "The Santiago Metro will thus be the first in the world to operate with 60% of the energy coming from solar and wind power plants. No other metro has incorporated such a magnitude of unconventional renewable energy in its consumption.

She added: "What has been confirmed here is not only a way of understanding energy, but also the economy itself, one in which innovation stimulates growth for the benefit of all: people, the country and the environment. It is not a theory, it is a will to make it a reality, and here - and in the Metro de Santiago - the results are in sight.

(c) 2018 MediaQuest Corp. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ($)
Sales 2017 2 089 M
EBIT 2017 -89,5 M
Net income 2017 -284 M
Debt 2017 912 M
Yield 2017 -
P/E ratio 2017 -
P/E ratio 2018
EV / Sales 2017 1,01x
EV / Sales 2018 0,85x
Capitalization 1 207 M
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Number of Analysts 13
Average target price 9,29 $
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Thomas H. Werner Chairman, President & Chief Executive Officer
William P. Mulligan Executive Vice President-Global Operations
Charles D. Boynton Chief Financial & Accounting Officer, Executive VP
Patrick H. Wood Lead Independent Director
Thomas R. McDaniel Independent Director
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