SunPower finalizes sale of 13MW Solare Roma solar power plant

Source: SunPower Corp.

SunPower Corp. (Nasdaq:SPWRA) announced that it completed the sale of its 13-megawatt (MW) Solare Roma solar power plant to Allianz Renewable Energy Partners IV Ltd., a wholly-owned subsidiary of Allianz SE on December 30, 2010. SunPower designed and built the solar power plant and will provide ongoing operations and maintenance services for the new owner. 

"The finalized sale of the Solare Roma power plant, along with our recently announced Montalto di Castro 44-megawatt solar park, completes our 2010 plan to develop, construct and monetize 85-megawatts of projects in Italy," said Dennis Arriola, SunPower chief financial officer. "We're pleased with our accomplishments this year and are well positioned to continue our success in 2011." 

The 13-MW Solare Roma power plant is located in the municipality of Anguillara, Province of Rome, Lazio region, Italy.



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