Tenesol to showcase ‘flat-pack’ PV at Solarexpo 2012

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Tenesol, the global solar power provider recently acquired by SunPower Corp., will take part in Solarexpo 2012 in Verona, Italy.

Tenesol will highlight the growing importance of Italy in the global photovoltaic (PV) sector, its popular ‘flat-pack’ solar PV kits and its extensive experience as an engineering, procurement and construction (EPC) contractor at the event, which will take place May 9-11.

Tenesol will present a selection of its global offerings at the event, from its technical and financial services to its work as an EPC contractor and module supplier, all of which is based on more than 28 years of experience in designing, manufacturing, installing and maintaining solar systems.

Tenesol’s exhibit at Solarexpo will include some of its latest PV innovations, including:

‘Flat-pack’ PV: PV Kits are among Tenesol’s most popular products, with more than 30,000 sold worldwide. Based on a ‘flat-pack’ PV concept, they contain all necessary materials and components for an installer to build a small-scale PV system. This reduces the complex sourcing of components to a simple one-box solution and allows even small installers to create a solar system with ease. The kits can suit a range of power outputs. Additional services, including technical engineering, financial support and marketing actions, can also be provided. The full capabilities of the kit will be showcased at the event.

New Module Frame: Tenesol has worked with an industrial design firm to produce a new frame for its PV modules that is more aesthetically pleasing and 400 grams lighter. It also features a new fixing flange to make installation even more flexible.

Monitoring: With its TotalSolar Xpert and MyTotalSolar monitoring systems for commercial and residential customers, Tenesol is perfectly placed to provide simple and efficient means of remotely managing its PV installations through a dedicated web-based platform.

Claude Escala, European director at Tenesol, will attend Solarexpo.

“New installed capacity reached a record high in Italy in 2011 and the Italian market is expected to reach grid parity in 2013 – all of which makes 2012 a very interesting time for the industry,” Escala explains. “Rooftop systems are leading demand while our complete offer, from BAPV to BIPV, is proving very beneficial in meeting customers’ expectations.”

Tenesol’s 48m2 stand will be located in Hall 5 – Booth A5.1 at Solarexpo 2012. A selection of company representatives will be on hand to meet with visitors and discuss how it can help deliver their solar needs.

Solarexpo is the largest renewable energy trade fair in Italy. More than 1,000 exhibitors are expected to take part.

About Tenesol

A rapidly expanding global player in the field of solar energy (with an turnover of €200 million in 2011) Tenesol works on behalf of businesses, local authorities and private individuals. For more than 28 years, the company has been engineering, designing, manufacturing, installing and operating solar energy systems. Its services cover systems that produce or consume the energy they generate (off-grid sites, electricity grid connected, solar water heating) for customers around the globe. A benchmark player in its sector, Tenesol currently has a staff of more than 800 employees across 18 subsidiaries including two production facilities, one in Toulouse, France, and the other in Cape Town, South Africa. In January 2012, Tenesol was acquired by SunPower (NASDAQ: SPWR), a manufacturer of highest efficiency solar cell, solar panels and solar systems. SunPower is headquartered in San Jose, Calif., with offices in North America, Europe, Australia and Asia.

For more information, please visit: www.tenesol.it

SunPower Forward-Looking Statement

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that do not represent historical facts and may be based on underlying assumptions. The company uses words and phrases such as “will,” “expected” and similar expressions to identify forward-looking statements in this press release, including forward-looking statements regarding the Italian market reaching grid parity in 2013. Such forward-looking statements are based on information available to the company as of the date of this release and involve a number of risks and uncertainties, some beyond the company’s control, that could cause actual results to differ materially from those anticipated by these forward-looking statements, including risks and uncertainties such as: (i) the impact of regulatory changes and the continuation of governmental and related economic incentives promoting the use of solar power and other sources of power, (ii) general business and economic conditions, including seasonality of the solar industry and growth trends in the solar industry; (iii) success in achieving cost reduction; and (iv) other risks described in SunPower’s Annual Report on Form 10-K for the year ended January 1, 2012 and other filings with the SEC. These forward-looking statements should not be relied upon as representing the company’s views as of any subsequent date, and the company is under no obligation to, and expressly disclaims any responsibility to, update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.