SunPower closes the circulation in the Member State of the industry’s first solar Project bond issue

SAN JOSE, Calif., 15. Dec 2010/PRNewswire-FirstCall/–SunPower Corp. (Nasdaq: SPWRA, SPWRB) announced today that it has closed its 195.2 million euro in the issuance of the bonds linked to the land of the rising sun in the company’s 44-megawatt (MW) in Montalto di Castro solar Park in Italy. Proceeds of which shall be used to pay for the development and construction of solar Park, which is now ready and the combined local electricity grid. SunPower also stated that the 44 MW solar Park in the sale of which is scheduled to Close before the end of this year.

“This is the world’s first publicly nominal debt problem in the land of the rising sun, as well as the Italian project of the first bonds rated project. Dennis Arriola, it opens in a new CFO SunPower worldwide pool of capital projects to exceed the traditional project financing in the land of the rising sun from banks, “said. “Investment grade ratings is a milestone in the field of the Sun and indicates the further SunPower’s turnkey solar energy systems for the bankability. Our success is the culmination of an exhaustive process that led to a lack of diligence on the part of the various independent parties recognise the technical, economic and business expertise, which provides the SunPower. “

The Sun of the bonds is issued in two categories:

* Class A1, a main refinancing operation of EUR bonds with a fixed rate notes 5.715%, due 2028 97.6 m
* Class A2, a main refinancing operation of EUR bonds with a fixed rate notes 4.839%, due 2028 97.6 m

Class A1 useful SACE (insurance and group of the Italian Ministry of economy and finance, controlled) and its state-of-the-art credit rating of Aa2 by Moody’s guarantee. Class A2 bonds are classified as Moody’s Baa (3) and the European Investment Bank (EIB) were purchased.

At the same time, SunPower reported throughout the 72-MW Montalto di Castro in the land of the rising sun of the implementation of the Park, which is one of the world’s largest solar parks in terms of energy production. At all stages of the project has been constructed in approximately 140 gigawatt hours of electricity per year to create an effective SunPower solar panels and SunPower T0 Tracker-using technology.

“Montalto di Castro solar Park is the first of its kind, and the largest solar project, and we are proud to inform the finish,” said the President, the add-in for the Amiga, and international power plants Yoram SunPower. “Today, occurs in Italy the strong demand in the land of the rising sun, because it can be installed quickly, is cost-competitive and reliable source of power. SunPower’s ability to finance the Park through the final stages of the stresses in the land of the rising sun, in the case of bonds with our systems technology and the expertise of investment project to run the add-in which it is foreseeable that the cash flows of a strong variation. “

Developed for SunPower solar Park is located close to Rome, where 20 MW of grid for the first phase were joined for the purposes of November 2009, several weeks ahead of Italy Lazio region. 8-MW in the second stage had ordered earlier this autumn, and the third and fourth steps, for a total of 44 MW, was carried out earlier this month. SunPower provides facilities and maintenance of solar Park.

The bond to lead-managers were BNP Paribas, Societe Generale London branch and (company & Investment banking). Societe Generale is also VAT Loan lead-manager. The company was announced, Allen & Overy (London and Rome) and Deloitte LLP legal matters (Rome), in the field of value added tax and accounting.

Editors ‘ Note: the capacity of the plants in this publication is described in an approximate megawatts on the basis of the alternating current (AC) unless otherwise noted. Direct current (DC) on the basis of the final two stages of Montalto di Castro solar Park a total of approximately 51 MW capacity, and form part of the Park, the capacity is a multi-phase Sun around 85 MW (DC

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