AWE SPower Presentation 160523 v2.pptx (Read-Only)

© 2016 SunPower Corporation

May 2016

SunPower Corporation:Changing the way our world is powered.

Association of Women in Energy (AWE)

2© 2016 SunPower Corporation |

AgendaChallenges and Opportunities of Solar in the Texas Market

1. Overview of SunPower

2. Residential, Commercial & Utility Solar Solutions

3. Texas Solar Market Integration


Solar Technology and Energy Services Provider

SunPower Corporation

POWER PLANTSCOMMERCIALRESIDENTIAL

• 2015 revenue $2.6 billion (non-GAAP)• > 8,000 employees• ~ 6 GW solar PV deployed • Strategic investment by Total SA: #11, F5002

• Record breaking solar panel efficiency1

• >600 patents worldwide• Global diversity: homes to power plants• > 1,300 dealer partners worldwide

1 SunPower holds the world-record for the highest efficiency silicon solar panels. Green, M.A., et al. “Solar Cell Efficiency Tables (version 47),” Progress in Photovoltaics, 2015.2 Source: 2015 Fortune 500 Global Ranking


Global Pipeline Exceeds 14GW

4,600 MWAmericas

1,279 MWEurope

3,000 MWAPAC

6,150 MWMiddle East and Africa

Existing / New Installations and Pipeline

New Market Project Pipeline

325+ Projects

>25 Countries

Recent 500MW award in Mexico Tender


SunPower Commitment to Growing Solar in TexasHigh Caliber Workforce

• Two Austin Office Locations – More than 250 SunPower Employees

• Highly strategic functions, integral to SunPower’s continued growth and innovation

– Corporate Functions

– Service & Support

– Sales & Marketing

– Project Development & Management

• Remote Operating Control Center (ROCC)– Controls 1.3 GW of production on six continents

– Fully NERC compliant


The Power of One™ – Portfolio of Complete Solutions

• >2GW installed• Version 3.0 in 2016• Global supply chain• CAD software tools

• Ground, carport, rooftop• Energy information (EIS)• Storage for demand charge

management

• Micro-inverters standard• Integrated monitoring• Storage & EIS• Currently installing

EQUINOX™O A S I S® H E L I X™

ResidentialCommercialPower Plant


SunPower Equinox™ Residential Complete Solution

More than 1,000 systems booked in Q116


• First of its kind partnership in Texas, a co-branded solar offer

– TXU Solar comes with simple online and mobile monitoring so customers can track their energy consumption.

– Combines TXU Energy ’s buyback rate with SunPower’sefficient and aesthetically pleasing panels

• TXU Energy customers gain peace of mind– SunPower’s industry leading technology and 30 years

of experience

– TXU Energy ’s proven success providing unique customer solutions

TXU Solar from SunPower


HELIX™ ROOF Dual TiltHELIX™ ROOF Single Tilt

HELIX™ CARPORTHELIX™ TRACKER

The Power of One™


SunPower® Smart Energy Ecosystem: Maximizing Solar Value

Residential Storage & Virtual Power Plant

Residential Energy Intelligence

C&I Energy Storage C&I Energy Intelligence

Smart Energy Utility Value

Solar Star 1 & 2, Rosamond, CA – 745 MWP

SunPower® Utility Scale Solar – the Oasis® Power PlantOver 2.2 GW of Oasis® systems operating, in construction or under contract


Solar Costs Fell 82% from 2009 to 2015

• Source: Lazard Levelized Cost of Electricity, V. 9.0


Texas Market Benefits from Declining Solar Prices


Texas Solar Project Development PipelineERCOT projects 13 GW solar by 2031

• There are 7,482 MW of solar projects under development in ERCOT through March 2016.

• There are 1,765 MW of utility scale solar projects with signed interconnection agreements..

• Projects span 19 counties in Texas.

• Source: ERCOT

• *Note: map includes all projects with executed interconnection agreements or under full study


Texas Solar Challenges

• Energy only market misses additional value streams that benefit projects.

• Energy only market swings, currently low wholesale electricity prices.

• Limited transmission in highest quality solar resource areas.

• Dynamic market results in short term outlook, limited contract terms.


Texas Solar Opportunities• Large liquid market & deep pool of participants: utilities, commercial &

industrial buyers, financial institutions, and active traders.

• Ample land availability, experienced landowners, ease of permitting, relatively short development timeline.

• Solar peak production profiles compliment high volume of operating wind projects; low water consumption and zero emission provides added value.

• Ability to site utility-scale, DG, or community solar provides greater access to more of the market, customers demand for solar met in variety of ways.

Thank YouLet’s change the way our world is powered.

© 2016 SunPower Corporation

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AWE SPower Presentation 160523 v2.pptx (Read-Only)