SunPower Company Updates: Agreement with Japanese Shimizu Corporation

SunPower company updates: SunPower Corporation (NASDAQ:SPWRhas announced an agreement with the Japanese architectural firm, Shimizu Corporation (TYO:1803). The accord concerns the provision of solar panel technology to the Eurus Energy solar power plant project in the city of Rokkasho, in the north eastern Aomori Prefecture (Japan).

SunPower Corporation (NASDAQ:SPWR)

With this deal, SunPower consolidates its position as one of the main suppliers of clean and non-conventional energy. The firm continues to accumulate projects across the world, including, recent announcements about participation in Projecto Salvador in Chile and another Japanese solar power plant project in Toyokoro, Hokkaido, owned by Eurus Energy Group.

SunPower will provide Eurus a solar power plant with 69 megawatts E20/327 solar panels. This kind of technology fits appropriately to Japanese natural conditions, particularly, to resist earthquakes and tsunamis, thanks to its solid construction and the durable materials of which the panels are made of.

Japan has become a great market for alternative energy due to recent and catastrophic events related to the nuclear power plant of Fukushima. According to Howard Wenger, SunPower president, “The Japanese market continues to respond well to our high efficiency solar products for all customer segments — residential, commercial and utility-scale.”

The firm has branded its solar panels technology under the Maxeon Solar name, especially to penetrate in the alternative energy market in Japan. As many experts said, the country needs to increase energy supply in the nearest future, due to the progressive closing of several nuclear power plants, the main source of energy in this country for decades.

Former Japanese Prime Minister Junichiro Koizumi said yesterday that Japan needs to eliminate nuclear power plants immediately, and incited public opinion to support this perspective. This situation could be beneficial for Sun Power’s businesses in Japan, since the firm is already supplying power plants with its technology, profiting from governmental subsidies to alternative energy suppliers. Check back here for more SunPower company updates.

Disclosure: Saul Rodriguez holds no position in any of the mentioned stocks.

Recommended Reading:

Solar Power Chile: SunPower, Total & Others’ New Mega-Project

SolarCity Corp (SCTY) and Its Future Potential

SolarCity Corp (SCTY)’s Price Target, First Solar, Inc. (FSLR) & SunPower Corporation (SPWR)’s Highest Price

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!