FPL Signs Supply Agreement with SunPower

FPL Group and SunPower Corporation have signed a supply agreement for SunPower’s high-efficiency solar panels and its SunPower Tracker technology beginning in 2010 and continuing through 2012. In addition, SunPower has separately committed to locating a research and development center in Florida if the state continues its robust solar program.

Under the terms of the agreement, SunPower will supply an undisclosed amount of its solar photovoltaic panels and proprietary tracking systems to FPL Group subsidiaries Florida Power & Light Company (FPL) and NextEra Energy Resources.

“Our agreement with SunPower for competitively priced panels and systems represents a key milestone in the execution of our solar strategy. For NextEra Energy Resources, this agreement will further advance our solar development efforts in key markets such as Colorado, California, Arizona, and New Jersey. In addition, assuming continued support by Florida’s legislative and regulatory leadership for the deployment of solar power in Florida, this agreement benefits the state through the creation of more clean energy jobs and will help to ensure that our utility customers in Florida will get the best pricing and technology available for solar projects,” said Jim Robo, FPL Group’s president and COO.

SunPower will also locate a research and development center employing up to 50 employees in Florida if the state government continues to support the deployment of additional solar energy. SunPower will work with FPL and the state to identify a suitable location for such a facility.

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