More energy. For your business. Make the right choice with SunPower.

Transcription

1 More energy. For your business. Make the right choice with SunPower.

2 It s the right time to invest in solar With rising grid electricity prices and declining solar To make a wise assessment on whether to go solar, you technology costs, more and more leading businesses are need to answer two fundamental questions: enjoying the economic benefits of solar power. Going solar can save money on energy today and hedge 1 How much electricity will my solar installation against rising utility rates tomorrow. generate over the lifetime of the system? This is a measure of the total benefit. However, understanding the true value of any business decision requires that you weigh the total benefit against 2 How does the lifetime cost of the solar electricity the total cost of that decision, whether you are upgrading produced compare to what you would pay your machinery, purchasing land, or installing solar technology. current provider over that same period? To determine which option delivers the greatest possible This is a measure of the total cost. return on your investment. How solar can benefit your business: Savings Save on your monthly electricity bill World leading solar technology For over 25 years, SunPower has been delivering Compared to an investment in Conventional solar panels, high efficiency solar solutions 1. When you select a an investment in SunPower can deliver a greater return SunPower system you can be assured that you are for you and your business, as SunPower delivers more getting a solar system that can reduce your electricity energy, higher savings, greater reliability and a stronger bill and can help you save money from day one of warranty 2. installation. More than a quarter-century of experience Founded in 1985 as a Silicon Valley pioneer Traded on NASDAQ (SPWR) Committed to innovation: more than 200 patents More than 5,000 employees and 1,500 partners registered More than 7,000,000 panels installed worldwide Diversified portfolio: residential, commercial More than 100,000 residential solar power systems and utility-scale power plants installed. SunPower, the solar company of Total Reduce your operating costs Protect yourself against future electricity price rises Investment Improve profit margins by reducing operating costs Secure lower electricity rates Reinvest your electricity bill savings back into your business Total, one of the largest integrated international oil and gas companies in the world, believes in the potential of solar energy to help meet the growing energy demand and tackle the challenges related to climate change. By becoming the majority shareholder of SunPower with a 66% stake, Total is positioning SunPower at the heart of its commitment in solar energy. Backed by Total s financial strength and international footprint in over 130 countries, SunPower teams work hand in hand with Total to develop competitive, reliable and efficient solar solutions for their residential and professional customers around the world. Commitment Reduce the carbon footprint of your business Position your company as a sustainable operator Engage employees by promoting a sustainable work environment About Total 97,000 employees US$257B 11th revenue in 2012 largest company in the world 3 1 SunPower has the highest efficiency panels, out of all 2600 panels listed in Photon International, February Definitions used throughout document: Conventional Panel is a 230W - 250W panel, 15% efficient, approx. 1.6 m 2, made with Conventional Cells. Conventional Cells are silicon cells that have many thin metal lines on the front and 2 or 3 interconnect ribbons soldered along the front and back. 3 Source:2012 Fortune 500 Global Ranking 2 SunPower - MORE ENERGY. FOR YOUR BUSINESS SunPower - MORE ENERGY. FOR YOUR BUSINESS 3

3 Why SunPower technology is different. Why it is better. Superior technology for higher energy output What makes our solar solutions different is our superior technology. All our systems are built around fundamentally different SunPower Maxeon TM all-back contact solar cells: their unique design captures and converts more sunlight into electricity, while a solid copper foundation makes them incredibly durable, guaranteeing long-term performance. SunPower Maxeon TM solar cell is fundamentally different solar Patented back contact cell technology With up to 24% efficiency, Maxeon cells produce up to 36% more power over the same area when compared to Conventional solar technologies. Our cells consistently outperform in a broad range of real world conditions, including high temperatures, humidity, low light levels and harsh climates. Exceptional performance Technology your business can rely on SunPower Maxeon cells are designed and tested to the highest possible standards to ensure reliability over the lifetime of the product. What makes SunPower Maxeon cells more reliable? The design of SunPower Maxeon solar cells is unique because each cell is built on a solid copper foundation providing the strength and durability needed to survive all weather conditions year after year. Conversely, Conventional solar cells use a low-cost metal paste on the front and back-sides to conduct the power generated by the cell, and are thus vulnerable to failing when exposed to the elements. 86% of Conventional solar cells degrade through corrosion or cracking due to temperature fluctuations. This causes them to steadily lose power over time or completely fail 1. SunPower unique Maxeon cells are virtually impervious to these issues. Only 27 out of a million panels have been returned under warranty 2. Durable copper foundation Incomparable durability High efficiency 1 Wohlgemuth, J. Reliability of PV Systems. Proceedings of SPIE, Aug, Out of 6.5 million panels built with Maxeon Gen 2 cells installed world-wide, Jan 2006 through June SunPower - MORE ENERGY. FOR YOUR BUSINESS SunPower - MORE ENERGY. FOR YOUR BUSINESS 5

4 More energy. For rooftops. More energy = more savings for your business SunPower panels are fundamentally different and are able The chart below shows the SunPower production advantage to produce an energy yield that is significantly higher than of about 8% (per rated watt) on year one. This is combined Conventional panels of the same rated Watts. with SunPower lower degradation rate to highlight how the energy production advantage grows over time, resulting in Higher yield combined with efficiencies that are higher an average increase of 20% more energy per rated watt at than Conventional panels, translate into greater electricity the year 25. generation and greater savings for you and your business. Year-one energy production Same rated watts 1 25-year energy production Same rated watts 2 Why efficiency matters Which solar technology you choose dramatically impacts the amount of electricity produced using your facility s available space. Ideally, you should implement a solution that produces the most energy from the space and resources available. Different solar technologies yield different energy outputs. The higher the efficiency of a solar panel, the more power generation capacity it has for any given area. Conventional panels typically convert only 15% of available sunlight into usable electricity. By selecting panels that exceed this efficiency average, you achieve much higher and faster returns.sunpower panels deliver 36% more power than Conventional panels¹. The example below outlines an important advantage of installing the most efficient solar panels at your facility to optimise available roof area and maximise energy production. ENERGY PRODUCTION PER WATT 10% 9% 8% 7% 6% 5% 4% 3% 2% 1% 0% High Power at High Temperatures No Light-Induced hti d Degradation Higher Average Watts Better Low-Light and dspectral Response High-performance Anti-Reflective Glass ENERGY PRODUCTION PER WATT 120% 110% 90% 80% 70% 60% 50% 8% more Year 1 CONVENTIONAL 20% MORE ENERGY 35% more Year 25 High efficiency panels enable more watts to be installed on the available space When comparing SunPower with Conventional panels Same physical size 3 of the same size, the higher efficiency of the SunPower panels creates a huge difference in the energy produced in year one. That energy production advantage grows over a 25-year period to 80% more energy. The chart to the right combines SunPower panel efficiency and its energy production advantage then compares two panels with the same size (different rated watts). ENERGY PRODUCTION PER ROOF 175% 150% 125% 75% 50% 50% more Year 1 CONVENTIONAL 60% MORE ENERGY 80% more Year 25 SunPower = 1 MW 1 Conventional = 735 kw 2 In this example, approximately 3,060 solar panels are installed on the building, the SunPower system is able to provides 36% more watts from the same available space. 1. Typically 7-9% more energy per rated Watt compared to a Conventional Panel (240W, 15% efficient, approx. 1.6 m 2 ). BEW/DNV Engineering SunPower Yield Report, Jan See also Photon International, Nov %/yr slower degradation based on: Black & Veatch Engineering, Review of SunPower Fleet-Wide System Degradation, Nov 2012; Jordan, Dirk SunPower Test Report, National Renewable Energy Laboratory, Oct 2012; Fraunhofer PV Module Durability Initiative, Feb 2013; Atlas 25+ Durability test report, Feb 2013; Campeau, Z. et al. SunPower Module Degradation Rate, SunPower white paper, Feb W SunPower Panel vs. 240W Conventional Panel. 1. SunPower 327W panel, 20.1% efficiency, approx. 1.6m 2 2. Conventional 240W panel, 15% efficient, approx. 1.6 m 2, made with silicon cells 6 SunPower - MORE ENERGY. FOR YOUR BUSINESS SunPower - MORE ENERGY. FOR YOUR BUSINESS 7

5 25-year warranty: a difference that matters Peace-of-mind for years to come Product warranty Power warranty Since 1985, SunPower s mission has been to provide the most reliable and efficient solar panels on the market. With more than seven million panels generating energy around the world, SunPower has proven the durability and reliability of its products. SunPower industry-leading 25-year combined product and power warranty 1, guarantees 9.1% more energy over 25 years. This means 25 years of complete peaceof-mind for you and your business. Typically, a solar panel manufacturer s warranty is for 10 years, after that period you may not be covered should a problem arise. SunPower products are backed by a 25-year product warranty, which covers the full cost of panel removal, Many manufactures offer a 25-year stepped power warranty, typically guaranteeing 90% power output for the first 10 years then only 80% for the remaining 15 years. SunPower s 25-year power warranty guarantees over shipping and replacement, giving you complete 95% power output for the first 5 years, then a 0.4% Warranty comparison peace-of-mind. degradation rate each year for the next 20 years. After the 25th year SunPower panels will be still be producing over 87% of their original power. SunPower Premium Panels Conventional Panels Product warranty Power warranty Covers removal of bad panel? Covers shipping? Covers new panel installation? Product warranty term Power guarantee above traditional warranty 25 years +9.1% No No 10 years 95% 90% 95% 90% 9,1% MORE ENERGY 85% 80% TRADITIONAL WARRANTY INDUSTRY AVERAGE 5-10 year 85% 80% TRADITIONAL WARRANTY 1. Of the top 20 manufacturers. SunPower Warranty Review, Feb % 75% 8 SunPower - MORE ENERGY. FOR YOUR BUSINESS SunPower - MORE ENERGY. FOR YOUR BUSINESS 9

6 Higher returns from your solar investment Power your business with a SunPower solar system: To protect your business from future electricity price rises. To produce more energy from your rooftop. To have peace of mind for 25-years and beyond. Comprehensive analysis of any solar energy solution should include all installation, operating, maintenance, and hardware expenses as well as the total amount of electricity that will be produced over the lifetime of that solution. Once you factor in all of these variables, calculating the Net Present Value (NPV) of your solar installation is the best method for understanding total potential savings in real dollar terms. The NPV financial calculation captures all project costs and savings as they occur over time and converts them into a single dollar amount. The larger the NPV, the greater the total savings you can expect. Your NPV analysis should include any electricity options you may be considering, including differing solar technologies. The illustrative example below shows NPV comparisons for various solar projects on an 5,000m 2 roof 1. Note that while the SunPower system is initially more expensive, it yields a significantly higher total return because it produces more energy over the lifetime of the system. To save money on your electricity bill. SunPower Premium Panels Conventional Panels SOLARISE YOUR FUTURE IN THREE STEPS 5000m 2 roof space 3068 panels 1003kW system size 5000m2 roof space 3060 panels 765kW system size Call us: we will put you in touch with one of 1our nearest Authorised Partners Worry-free: our partner will handle everything, from the design, to the installation 3and connection of your system 327W panels 250W panels 20.1% efficiency 15.3% efficiency NPV = $2.80m System Price = $2.70m NPV = $2.17m System price = $1.72m Make an appointment: our authorised partner will visit you and propose a turn-key a solution 2tailored to your needs CALL US NOW Sample NPV calculation is for example purposes only and is based on the following assumptions: Current electricity rate by TOU : Peak = $0.25/kWh, Shoulder = $0.15/kWh and Off Peak = $0.10/kWh, 10 % annual rate escalation for first 3 years, 3% increase for the next 22 years, $35/MWh LGCs value, 9% discount rate, 25 project life cycle 10 SunPower - MORE ENERGY. FOR YOUR BUSINESS SunPower - MORE ENERGY. FOR YOUR BUSINESS 11

7 2013 SunPower Corporation. All Rights Reserved., the Logo, MORE ENERGY. FOR LIFE., and MAXEON are trademarks or registered trademarks of SunPower Corporation. Corporate Headquarters SunPower Corporation 77 Rio Robles San Jose, California USA Australia SunPower Corporation Australia PO Box 2156 Moorabbin VIC 3189 AUSTRALIA