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
With an estimated 50 billion devices connected to the Internet by 2020, several industries will begin to expand their capabilities for retaining end point data at the edge to better utilize the range of data types and sheer volume of M2M data generated by the Internet of Things. In his session at @ThingsExpo, Don DeLoach, CEO and President of Infobright, will discuss the infrastructures businesses will need to implement to handle this explosion of data by providing specific use cases for filte...
SYS-CON Events announced today that Pythian, a global IT services company specializing in helping companies adopt disruptive technologies to optimize revenue-generating systems, has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. Founded in 1997, Pythian is a global IT services company that helps companies compete by adopting disruptive technologies such as cloud, Big Data, advanced analytics, and DevO...
SYS-CON Events announced today that VAI, a leading ERP software provider, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. VAI (Vormittag Associates, Inc.) is a leading independent mid-market ERP software developer renowned for its flexible solutions and ability to automate critical business functions for the distribution, manufacturing, specialty retail and service sectors. An IBM Premier Business Part...
Fortunately, meaningful and tangible business cases for IoT are plentiful in a broad array of industries and vertical markets. These range from simple warranty cost reduction for capital intensive assets, to minimizing downtime for vital business tools, to creating feedback loops improving product design, to improving and enhancing enterprise customer experiences. All of these business cases, which will be briefly explored in this session, hinge on cost effectively extracting relevant data from ...
In most cases, it is convenient to have some human interaction with a web (micro-)service, no matter how small it is. A traditional approach would be to create an HTTP interface, where user requests will be dispatched and HTML/CSS pages must be served. This approach is indeed very traditional for a web site, but not really convenient for a web service, which is not intended to be good looking, 24x7 up and running and UX-optimized. Instead, talking to a web service in a chat-bot mode would be muc...
SYS-CON Events announced today that Catchpoint Systems, Inc., a provider of innovative web and infrastructure monitoring solutions, has been named “Silver Sponsor” of SYS-CON's DevOps Summit at 18th Cloud Expo New York, which will take place June 7-9, 2016, at the Javits Center in New York City, NY. Catchpoint is a leading Digital Performance Analytics company that provides unparalleled insight into customer-critical services to help consistently deliver an amazing customer experience. Designed...
SYS-CON Events announced today that Alert Logic, Inc., the leading provider of Security-as-a-Service solutions for the cloud, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Alert Logic, Inc., provides Security-as-a-Service for on-premises, cloud, and hybrid infrastructures, delivering deep security insight and continuous protection for customers at a lower cost than traditional security solutions. Ful...
More and more companies are looking to microservices as an architectural pattern for breaking apart applications into more manageable pieces so that agile teams can deliver new features quicker and more effectively. What this pattern has done more than anything to date is spark organizational transformations, setting the foundation for future application development. In practice, however, there are a number of considerations to make that go beyond simply “build, ship, and run,” which changes ho...
SYS-CON Events announced today that Interoute, owner-operator of one of Europe's largest networks and a global cloud services platform, has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. Interoute is the owner-operator of one of Europe's largest networks and a global cloud services platform which encompasses 12 data centers, 14 virtual data centers and 31 colocation centers, with connections to 195 ad...
Advances in technology and ubiquitous connectivity have made the utilization of a dispersed workforce more common. Whether that remote team is located across the street or country, management styles/ approaches will have to be adjusted to accommodate this new dynamic. In his session at 17th Cloud Expo, Sagi Brody, Chief Technology Officer at Webair Internet Development Inc., focused on the challenges of managing remote teams, providing real-world examples that demonstrate what works and what do...
As enterprises work to take advantage of Big Data technologies, they frequently become distracted by product-level decisions. In most new Big Data builds this approach is completely counter-productive: it presupposes tools that may not be a fit for development teams, forces IT to take on the burden of evaluating and maintaining unfamiliar technology, and represents a major up-front expense. In his session at @BigDataExpo at @ThingsExpo, Andrew Warfield, CTO and Co-Founder of Coho Data, will dis...
SYS-CON Events announced today that Men & Mice, the leading global provider of DNS, DHCP and IP address management overlay solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. The Men & Mice Suite overlay solution is already known for its powerful application in heterogeneous operating environments, enabling enterprises to scale without fuss. Building on a solid range of diverse platform support,...
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management...
SYS-CON Events announced today that AppNeta, the leader in performance insight for business-critical web applications, will exhibit and present at SYS-CON's @DevOpsSummit at Cloud Expo New York, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. AppNeta is the only application performance monitoring (APM) company to provide solutions for all applications – applications you develop internally, business-critical SaaS applications you use and the networks that deli...
It's easy to assume that your app will run on a fast and reliable network. The reality for your app's users, though, is often a slow, unreliable network with spotty coverage. What happens when the network doesn't work, or when the device is in airplane mode? You get unhappy, frustrated users. An offline-first app is an app that works, without error, when there is no network connection.