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Enfinity Signs 25 MW Solar Power Plant Framework Agreement with SunPower

11 June - Ghent, Belgium. Enfinity, a global developer of renewable energy projects, today announced that it has entered into a framework agreement with SunPower Corporation (Nasdaq: SPWR), a manufacturer of high-efficiency solar cells, solar panels, and solar systems, to provide turn-key engineering, procurement and construction services for solar electric power plant projects totaling more than 25 megawatts. The installations contemplated under this agreement will be built as from 2008 till 2009 by SunPower in Italy, and are contingent on Enfinity to secure financing and construction permits for the projects.

Sunpower and Enfinity are in discussion to expand their collaboration to include additional solar projects in Spain, Greece and other countries worldwide.

“I am very pleased to announce this framework agreement with Sunpower. We consider this as a strategic partnership in the further development of our solar business,” commented Mr. Gino Vanneer, CEO of Enfinity.

“We are teaming with Enfinity to deliver clean, reliable solar power to the rapidly expanding market in Southern Europe," said Howard Wenger, SunPower senior vice president. "By using SunPower’s industry-leading solar technology, Enfinity will maximize the energy delivery at their power plant sites, while optimizing land use and reducing related costs."
SunPower has completed solar power plants projects in Asia, North America and Europe, including more than 55 megawatts completed or in construction in Spain.

About Enfinity

Enfinity is a rapidly developing, ambitious and internationally operating company in the field of solar and wind energy. As a project specialist, Enfinity develops PV solar energy plants for electricity generation and is already active in eight countries, namely Belgium, Italy, Spain, France, Greece, the US, Canada and Germany. This number will increase to approximately 20 countries by the end of 2009.

Enfinity is in the process of financing PV projects with a total capacity of more than 122MW and is planning to finance several hundred megawatts through 2010. Enfinity is based in Ghent, Belgium.

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