© 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
3© 2016 SunPower Corporation |
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
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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
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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
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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
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SunPower Equinox™ Residential Complete Solution
More than 1,000 systems booked in Q116
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• 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
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HELIX™ ROOF Dual TiltHELIX™ ROOF Single Tilt
HELIX™ CARPORTHELIX™ TRACKER
The Power of One™
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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
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Solar Costs Fell 82% from 2009 to 2015
• Source: Lazard Levelized Cost of Electricity, V. 9.0
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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
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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.
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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.