MILPITAS, Calif., April 12, 2011 /PRNewswire-FirstCall/ -- Marking SunPower's (Nasdaq: SPWRA, SPWRB) continued U.S. growth and investment, U.S. Energy Secretary Steven Chu and Governor Edmund G. Brown, Jr. will join the company and its partner Flextronics (Nasdaq: FLEX) today in dedicating a new solar panel manufacturing facility in Milpitas, Calif. The Flextronics plant has created more than 100 jobs and will produce 75 megawatts (MW) per year of solar power panels for rooftops and power plants.
Leading the Nation on Renewable Power
During the dedication event, Governor Brown will sign into law California's expanded Renewable Portfolio Standard (RPS) which will ensure that California customers are served with 33 percent renewable energy by 2020. The RPS legislation was sponsored by State Senator Joe Simitian (D- Palo Alto) and passed the legislature as part of a special session focused on economic development.
Economic Footprint Across the Country"Strong public policy at both the federal and state levels is paying off with job creation and capital investments from our equipment manufacturers to our dealers that install SunPower systems on homes and businesses across the U.S. and around the world," said SunPower CEO Tom Werner. "We make the world's highest efficiency solar panels with technology developed in Silicon Valley and can now compete with new gas-fired power plants. With the dedication of our solar panel manufacturing facility in partnership with Flextronics, Governor Brown's signing of California's 33 percent Renewable Portfolio Standard and the Department of Energy's SunShot program, we can invest further to make solar competitive with all power sources, lowering long-term energy costs for all customers." SunPower, founded more than 25-years ago, is headquartered in Silicon Valley and is the number one manufacturer of installed residential and commercial solar systems in the U.S. With operations on four continents, SunPower delivers the highest efficiency and most reliable solar panels and systems on the market today. Since 2005, SunPower has created thousands of jobs and is injecting billions of dollars into the American economy.
- 1,000 employed in SunPower offices and related facilities in San Jose, Richmond, and Milpitas California, and a recently announced expansion in Austin, Texas.
- 6,000 plus are indirectly employed at more than 400 independent SunPower dealers in more than 300 cities across 41 states.
- 23 parts suppliers/manufacturers are headquartered in 33 cities across 19 states.
- Four manufacturers provided equipment for the new Milpitas plant from Ore., Colo., Ill. and Pa.
- 570 large-scale systems in 25 states generating approximately 370 MW of solar power.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV