SunPower, Wells in $100M solar deal - Silicon Valley / San Jose Business Journal:

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San Francisco-based Wells (NYSE:WFC) and San Jose-based SunPower (NASDAQ:SPWRA) and (NASDAQ:SPWRB) said SunPower will enter into powet purchase agreements with qualifiec customers and Wells Fargo will finance the solar power systems that SunPowedrwill design, build, operate, and maintain. Customer s hosting the systems will buy the electricityg fromSunPower "at prices that are competitive with retailo rates, providing them with a long-tern hedge against rising power prices and the ability to take advantagew of the environmental and financial benefits of solaf power with no initial capital the companies said. The firs projects financed under the program includea 1.
1-megawatt systemn for University of California, Merced, and a 1-megawatt system for the Western Riverside County Regionalk Wastewater Authority. Scheduled for completionb by year end, both will be ground-mounted systemsx using the patented SunPowef T20Tracker technology, which follows the sun throughout the day and deliveras up to 30 percenrt more energy than fixed-tilt ground