SunPower sets sights beyond US

SunPower has brought the first chunk of Solar Star into service

SunPower has brought the first chunk of Solar Star into service

SunPower has primed the market for further international project announcements in 2014, piggybacking on its recent successes in places like South Africa and Chile, as the US utility-scale PV market looks set to shrink in the medium term.

SunPower, which yesterday confirmed a gross margin of 19.6% for the whole of 2013 on a net profit of $95.6m, has been a major beneficiary of the booming utility-scale market in the US, which has been driven by a handful of western states racing to meet their own renewables targets.

In recent months California-based SunPower achieved full commercial operation of its 250MWac California Valley Solar Ranch project, and brought on line the first 57MW block of the 579MWac Solar Star (formerly Antelope Valley) project it is building for MidAmerican Solar.

But with states like California on track to meet their Log in to read complete article.

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