Welcome!

News Feed Item

Epuron Chooses SunPower to Expand Uterne Solar Power Plant Located in Alice Springs, Australia

3.1-megawatt Addition Financed by Clean Energy Finance Corporation

SAN JOSE, Calif. and MELBOURNE, Australia, Aug. 3, 2014 /PRNewswire/ -- Epuron and SunPower Corp. (NASDAQ: SPWR) have partnered to quadruple the size of the Uterne solar power plant, bringing clean energy to approximately 1,000 Alice Springs homes each year when the plant is expected to be completed in 2015. Financing from the Clean Energy Finance Corporation (CEFC) will fund the expansion, increasing the size of Uterne from 1 megawatt to 4.1 megawatts.

"Uterne has proven to be a valuable part of our solar energy portfolio which will increase in size to over 5 megawatts of operational capacity," said Epuron Executive Director Andrew Durran. "Adding capacity with industry-leading SunPower technology ensures that the plant will continue to deliver predictable, emissions-free electricity over the long term."

SunPower has been contracted to design and build the 3.1-megawatt expansion of Uterne with high-efficiency SunPower solar panels mounted on SunPower® T0 Trackers, which position panels to follow the sun throughout the day, increasing energy production while minimizing land use. The additional 3.1 megawatts of T0 Trackers will be installed on 3 hectares, adjacent to the 1-megawatt solar power plant, which features SunPower® T20 Trackers currently installed and operating on 3 hectares.

"Epuron's decision to expand Uterne in the Northern Territory proves that solar is a reliable and cost-competitive substitute for conventional energy sources such as diesel and gas," said Howard Wenger, SunPower president, regions. "By providing long-term operations and management services, SunPower will help ensure Uterne continues to meet or exceed production expectations over the project's lifetime, leveraging our global experience deploying and operating more than 1,000 megawatts of utility-scale solar power systems."

CEFC is providing a $13 million loan to Epuron for Uterne's expansion, which uses a financing structure that is rare for deals of this size. It is expected to drive down transaction costs and help make projects like this more attractive to commercial financing institutions.   

"This project is a good example of bringing together an Australian company with leading global expertise to make the most of our abundant solar resources," said Oliver Yates, CEFC CEO. "The CEFC has identified huge, untapped potential for utility-scale solar power in this country and the CEFC financing for Uterne demonstrates the potential for these projects."   

Standing behind Uterne since the 1-megawatt solar power plant was commissioned by SunPower in June 2011 as part of the Alice Solar City program, is a long-term power purchase agreement offered by the Northern Territory's Power and Water Corporation (PWC). PWC will also purchase the clean electricity produced by the 3.1-megawatt expansion.  

"PWC is pleased to work with Epuron and SunPower to develop and expand the Uterne solar project to the point where it is a significant contributor to the energy mix in Alice Springs," said Trevor Horman, Manager Sustainable Energy, Power and Water Corporation, Northern Territory. "Once the expanded portion of Uterne is commissioned, the overall level of solar generation on an annual basis is expected to meet more than six percent of the city's electricity needs."

Epuron acquired the initial 1-megawatt Uterne in October 2012 from SunPower after SunPower developed and constructed the solar power plant. SunPower has had a footprint in Australia since 2008, designing and installing systems for utility and commercial customers like Horizon Power, Watershed Premium Wines and Perth Zoo, as well as residential customers across the country.  The company has an office in Melbourne and a presence in every mainland state.

Each partner's obligations under the partnership, as well as project financing and project completion, are subject to terms of the related agreements, including customary closing conditions.

The capacity of the Uterne power plant projects discussed in this release are described in approximate megawatts on a direct current (dc) basis.

About SunPower Corp.
SunPower Corp. (NASDAQ: SPWR) designs, manufactures and delivers the highest efficiency, highest reliability solar panels and systems available today. Residential, business, government and utility customers rely on the company's quarter century of experience and guaranteed performance to provide maximum return on investment throughout the life of the solar system. Headquartered in San Jose, Calif., SunPower has offices in North America, Europe, Australia, Africa and Asia. For more information on SunPower, visit www.sunpower.com.

About Epuron
Founded in 2003, Epuron is a leading, privately-owned Australian renewable energy company with a focus on development, ownership and operation of utility-scale renewable energy projects. In solar energy, Epuron's focus is megawatt-scale power generation in both grid-connected and off-grid markets. Epuron is also one of Australia's most successful wind farm developers. The expansion of Uterne will increase Epuron's total solar portfolio capacity to over 5 megawatts. In addition to Uterne, Epuron owns and operates three off-grid solar projects located in the Northern Territory. These projects all displace diesel usage in these remote communities.  For more information, visit www.epuron.com.au.

About Clean Energy Finance Corporation
The Clean Energy Finance Corporation (CEFC) invests using a commercial approach to overcome market barriers and mobilise investment in renewable energy, energy efficiency and low emissions technologies.

As at 30 June 2014, the CEFC has contracted investments of over $900 million in projects with a total value of over $3 billion. The CEFC invests for a positive return, with its more than 40 direct investments and 25 projects co-financed under aggregation programs expected to achieve an average financial yield of about 7 percent.

These CEFC investments are expected to achieve abatement of 4.2 million tonnes of CO2e per annum with a positive net benefit to the taxpayer in the order of $2.40 per tonne CO2e. They help to improve energy productivity for businesses across Australia, develop local industries and generate new employment opportunities.

The CEFC operates under the Clean Energy Finance Corporation Act 2012. More information is available on our website www.cleanenergyfinancecorp.com.au.

About Power and Water Corporation
Power and Water Corporation is a government owned corporation that provides power network, water and sewerage services to the Northern Territory.  Since 2003, Power and Water has facilitated the construction of eight solar power stations in the Northern Territory as part of its vision to displace diesel fuel generated electricity in remote communities. Prior to this in 1983, Alice Springs became the first town in Australia to transition from diesel to gas fired electricity generation.  Power and Water Corporation is regarded as one of the most progressive utilities providers in Australia in terms of embracing renewable energy.

SUNPOWER is a registered trademark of SunPower Corporation in the U.S. and other countries. All other trademarks are the property of their respective owners.

SOURCE SunPower Corp.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
What happens when the different parts of a vehicle become smarter than the vehicle itself? As we move toward the era of smart everything, hundreds of entities in a vehicle that communicate with each other, the vehicle and external systems create a need for identity orchestration so that all entities work as a conglomerate. Much like an orchestra without a conductor, without the ability to secure, control, and connect the link between a vehicle’s head unit, devices, and systems and to manage the ...
The Internet of Things (IoT) promises to simplify and streamline our lives by automating routine tasks that distract us from our goals. This promise is based on the ubiquitous deployment of smart, connected devices that link everything from industrial control systems to automobiles to refrigerators. Unfortunately, comparatively few of the devices currently deployed have been developed with an eye toward security, and as the DDoS attacks of late October 2016 have demonstrated, this oversight can ...
SYS-CON Events has announced today that Roger Strukhoff has been named conference chair of Cloud Expo and @ThingsExpo 2017 New York. The 20th Cloud Expo and 7th @ThingsExpo will take place on June 6-8, 2017, at the Javits Center in New York City, NY. "The Internet of Things brings trillions of dollars of opportunity to developers and enterprise IT, no matter how you measure it," stated Roger Strukhoff. "More importantly, it leverages the power of devices and the Internet to enable us all to im...
You have great SaaS business app ideas. You want to turn your idea quickly into a functional and engaging proof of concept. You need to be able to modify it to meet customers' needs, and you need to deliver a complete and secure SaaS application. How could you achieve all the above and yet avoid unforeseen IT requirements that add unnecessary cost and complexity? You also want your app to be responsive in any device at any time. In his session at 19th Cloud Expo, Mark Allen, General Manager of...
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smar...
"ReadyTalk is an audio and web video conferencing provider. We've really come to embrace WebRTC as the platform for our future of technology," explained Dan Cunningham, CTO of ReadyTalk, in this SYS-CON.tv interview at WebRTC Summit at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Financial Technology has become a topic of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 20th Cloud Expo at the Javits Center in New York, June 6-8, 2017, will find fresh new content in a new track called FinTech.
Bert Loomis was a visionary. This general session will highlight how Bert Loomis and people like him inspire us to build great things with small inventions. In their general session at 19th Cloud Expo, Harold Hannon, Architect at IBM Bluemix, and Michael O'Neill, Strategic Business Development at Nvidia, discussed the accelerating pace of AI development and how IBM Cloud and NVIDIA are partnering to bring AI capabilities to "every day," on-demand. They also reviewed two "free infrastructure" pr...
Without lifecycle traceability and visibility across the tool chain, stakeholders from Planning-to-Ops have limited insight and answers to who, what, when, why and how across the DevOps lifecycle. This impacts the ability to deliver high quality software at the needed velocity to drive positive business outcomes. In his general session at @DevOpsSummit at 19th Cloud Expo, Phil Hombledal, Solution Architect at CollabNet, discussed how customers are able to achieve a level of transparency that e...
WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web communications world. The 6th WebRTC Summit continues our tradition of delivering the latest and greatest presentations within the world of WebRTC. Topics include voice calling, video chat, P2P file sharing, and use cases that have already leveraged the power and convenience of WebRTC.
As data explodes in quantity, importance and from new sources, the need for managing and protecting data residing across physical, virtual, and cloud environments grow with it. Managing data includes protecting it, indexing and classifying it for true, long-term management, compliance and E-Discovery. Commvault can ensure this with a single pane of glass solution – whether in a private cloud, a Service Provider delivered public cloud or a hybrid cloud environment – across the heterogeneous enter...
Cloud Expo, Inc. has announced today that Andi Mann returns to 'DevOps at Cloud Expo 2017' as Conference Chair The @DevOpsSummit at Cloud Expo will take place on June 6-8, 2017, at the Javits Center in New York City, NY. "DevOps is set to be one of the most profound disruptions to hit IT in decades," said Andi Mann. "It is a natural extension of cloud computing, and I have seen both firsthand and in independent research the fantastic results DevOps delivers. So I am excited to help the great t...
Rapid innovation, changing business landscapes, and new IT demands force businesses to make changes quickly. In the eyes of many, containers are at the brink of becoming a pervasive technology in enterprise IT to accelerate application delivery. In this presentation, attendees learned about the: The transformation of IT to a DevOps, microservices, and container-based architecture What are containers and how DevOps practices can operate in a container-based environment A demonstration of how ...
"At ROHA we develop an app called Catcha. It was developed after we spent a year meeting with, talking to, interacting with senior citizens watching them use their smartphones and talking to them about how they use their smartphones so we could get to know their smartphone behavior," explained Dave Woods, Chief Innovation Officer at ROHA, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.