Texas A&M
November 15, 2011
SunPower
>1 GW solar PV deployed
2010 revenue of $2.3 billion
World record solar cell efficiency 24.2%
550 MW 2010 production
Diversified portfolio: roofs to power plants
5,000+ Employees; 100% solar
4+ GW power plant pipeline
Publicly listed NASDAQ: SPWRA
Residential
Commercial
Power Plants
PV Technology Vertical Integration
Your Full-Service Utility-Scale PV Technology Partner
Systems
Integration
EPC
Operation
Solar cell
Trackers
Systems
engineering
Performance
modeling
Module materials
Roof mounting
Automated
design software
Plant
optimization
Manufacturing
SCADA
Solar module
Module reliability
3
Commercial
monitoring
Advanced grid
integration
Long-term
system reliability
FY10 Revenue Summary
Suntech
First Solar
MEMC
SunPower
LDK
REC
SolarWorld
JA Solar
Yingli…
Q-Cells
Trina Solar
Canadia…
ReneSola
2010 Revenue (Est)
Motech
2009 Revenue (Actual)
Solarfun
$-
$500
$1,000
Sources: Company announcements and guidance, Reuters Knowledge
$1,500
$2,000
$2,500
$3,000
$M
4
SunPower Produces the Most Energy per ft²
1
No lines on cell surface lets in more light
2
Backside mirror reduces back light absorption and traps more light
3
SunPower cells capture more blue and infra-red light than competitors
SunPower Tracker
The SunPower Oasis Tracker & 425W Panel
SunPower T0 Tracker
Most installed solar tracker in the world
– 400MW over 10 years
Increases capacity factor by up to 25%
Simple control system = lowest O&M of
any PV power plant fixed or tracking
SunPower 425W panel has the highest
efficiency in the world
Jeonju, Korea
2 MW
Installed System Price per Watt, 2008-2011
3Q10 Breakout
$5.92
$3.72
$3.17
$2.83
Source: Deutsche Bank, January 2011; Systems are global (i.e., blended across geographies)
8
SunPower UPP LCOE Competitive with CA MPR
$/kWh
CA 2009 Reference power price
Notes: LCOE = delivered electricity price to utility via PPA; MPR=25-yr Market Price Referent , 30% ITC /MACRS included
unlevered return range for plant owner 7.5%-8.5%, sunlight range included
© 2011 SunPower Corp.
9
SunPower US Power Plants
Nellis AFB: 15 MW
Exelon Chicago: 10 MW
FPL DeSoto: 25 MW
California Valley Solar Ranch: 250 MW
T0 Tracker
FPL Desoto – 25 MW
11
© 2010 SunPower Corp.
11
SunPower Efficiency/BOS Case Study
California Valley Solar Ranch
 Most power plants are constrained
 SunPower maximizes MW/m2
 More MW/m2 lowers BOS/kWh
– Land
– Permitting/development
– Transmission/substation
– Foundations/structures
– Cabling/trenching
Solar Array
Open Space
– Shipping
– Roads
SPWR
14% x-Si
11% TF
– Fencing/security
250 MW
186 MW
146 MW
– Construction management
•PPA announced 8/15/08
•Illustrative layout as of May 2010, subject to change
•Final project design may include standard efficiency panels
– O&M
2014: 601 MW – SunPower Antelope Valley Solar
Chicago
Space
Coast
Gullwing
W
ya
n
d
ot
Nellis
Desoto
Jacksonville
Blythe
Boulder
City
Boulder City
© 2011 SunPower Corp.
SunPower Oasis C7
SunPower’s 7x Concentrated Technology System
 Most scalable platform w/ lowest LCOE for GW-scale solar deployment.
– 20% lower LCOE than flat-plate systems (in areas w/ high irradiance)
– 7X concentration ratio
– Horizontal single-axis tracker
– 6 rows of parabolic mirrors reflecting light onto solar cell receivers
– Uses the SunPower standard tracker controller
SunPower Oasis C7
SunPower beginning to contract C7 deployment
 Real world testing at Sandia National Labs in 2011
 Large deployment beginning in 2013
 Contracts of hundreds of MW can bring local manufacturing
Environmental Review
 Switch to other documents
© 2010 SunPower Corporation