Solar power plant to be built at Arizona State University

Salt River Project (SRP), Arizona State University (ASU) and SunPower Corp. (NASDAQ: SPWR) have agreed to build a 1 MW photovoltaic power plant at ASU's Polytechnic campus in Mesa, Ariz. The 1 MW facility will be the first commercial deployment of SunPower C7 Tracker technology.

SunPower is engineering and constructing the plant on the southeast corner of the ASU Polytechnic campus, and will operate and maintain it. Under a purchase-power agreement, SRP will buy the entire output of the solar plant from SunPower and, in a separate agreement, ASU will purchase all of the energy attributable to the plant for use at its Polytechnic campus.

As of Dec. 31, 2011, ASU was generating 14.5 MW of solar energy.

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