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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 CEST

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

Stocks mentioned in the article
ChangeLast1st jan.
TOTAL -0.08% 52.75 Real-time Quote.14.65%
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Financials ($)
Sales 2018 2 026 M
EBIT 2018 -154 M
Net income 2018 -323 M
Debt 2018 763 M
Yield 2018 -
P/E ratio 2018 -
P/E ratio 2019
EV / Sales 2018 0,92x
EV / Sales 2019 0,79x
Capitalization 1 104 M
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Mean consensus HOLD
Number of Analysts 13
Average target price 7,74 $
Spread / Average Target -0,56%
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Thomas H. Werner Chairman, President & Chief Executive Officer
William P. Mulligan Executive Vice President-Global Operations
Manavendra Sial Chief Financial Officer
Patrick H. Wood Lead Independent Director
Thomas R. McDaniel Independent Director
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