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BUSINESS
April 23, 2014 | By Shan Li
Google Inc. is partnering with solar panel maker SunPower Corp. to invest up to $250 million in leasing solar systems to homeowners. The Mountain View technology giant is contributing up to $100 million, and San Jose-based SunPower will invest $150 million, Google said in a blog post . The goal is to make "it easier for thousands of households across the U.S. to go solar. " "Using the fund ... we buy the solar panel systems," Google said. "Then we lease them to homeowners at a cost that's typically lower than their normal electricity bill.
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BUSINESS
April 23, 2014 | By Shan Li
Google Inc. is partnering with solar panel maker SunPower Corp. to invest up to $250 million in leasing solar systems to homeowners. The Mountain View technology giant is contributing up to $100 million, and San Jose-based SunPower will invest $150 million, Google said in a blog post . The goal is to make "it easier for thousands of households across the U.S. to go solar. " "Using the fund ... we buy the solar panel systems," Google said. "Then we lease them to homeowners at a cost that's typically lower than their normal electricity bill.
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BUSINESS
November 18, 2005 | From Dow Jones/Associated Press
This week's second initial public offering in the technology sector got off to a strong start Thursday, the first day of trading of SunPower Corp. Shares of the Sunnyvale, Calif.-based maker of solar-power products closed at $25.45 on the Nasdaq Stock Market -- up $7.45, or 41%, from the IPO price of $18 a share. SunPower, which was a unit of Cypress Semiconductor Corp. until its carve-out this week, sold 7.
BUSINESS
November 18, 2005 | From Dow Jones/Associated Press
This week's second initial public offering in the technology sector got off to a strong start Thursday, the first day of trading of SunPower Corp. Shares of the Sunnyvale, Calif.-based maker of solar-power products closed at $25.45 on the Nasdaq Stock Market -- up $7.45, or 41%, from the IPO price of $18 a share. SunPower, which was a unit of Cypress Semiconductor Corp. until its carve-out this week, sold 7.
NEWS
October 6, 2007
Solar homes: A Sept. 25 article in the Business section about sales of solar-powered homes misspelled the name of a SunPower Corp. executive as Julie Blumden. Her last name is Blunden.
BUSINESS
May 8, 2007 | From Times Wire Services
Wal-Mart Stores Inc. said it would install solar-power systems to provide some of its electricity at 22 locations in Hawaii and California. The systems, built by SunPower Corp., BP and SunEdison, will provide as much as 30% of the power used at 21 stores and a distribution center, Wal-Mart said. The purchase price wasn't disclosed.
BUSINESS
December 30, 2006 | From Bloomberg News
A Cypress Semiconductor Corp. shareholder called on the company to shed a controlling stake in a solar-energy business and put itself up for sale. Chapman Capital, which owns about 1% of San Jose-based Cypress, made the recommendation in a letter to the company's board. Chapman, a Los Angeles investment firm, wants Cypress to reconsider an October decision in which Chief Executive T.J. Rodgers said there was no rush to "monetize" publicly traded SunPower Corp.
BUSINESS
August 15, 2008 | From the Associated Press
Pacific Gas and Electric Co. has signed contracts to buy enough solar energy to power 239,000 homes a year. The utility said Thursday that it would buy 800 megawatts of renewable energy from subsidiaries of Hayward-based OptiSolar Inc. and San Jose-based SunPower Corp. The electricity will come from two large-scale solar projects to be built in San Luis Obispo County on the Central California coast. OptiSolar's 550-megawatt Topaz Solar Farm project is expected to begin delivering power in 2011.
BUSINESS
August 28, 2011 | By Andrew Leckey
Taking advantage of greatly reduced stock prices is a tricky business. One strategy is to find an investment area so certain to grow that it will be around long after market traumas subside. Green investing, which offers the added potential that innovative companies will get snapped up by bigger firms, could be one of those areas. Buying stocks of firms that play a significant role in the environment and energy conservation can be highly speculative, as indicated by the beatings so many have taken this year.
BUSINESS
March 22, 2011 | By Alejandro Lazo, Los Angeles Times
In a nod to the growing popularity of sun-powered houses, Los Angeles-based KB Home said it was rolling out 10 new Southern California developments that would have solar panels incorporated as a standard feature for each property. The homes will be outfitted with six-panel photovoltaic solar systems built by SunPower Corp. The standard system will be capable of producing about 30% of daily energy use for an 1,800- to 2,000-square-foot home, said Steve Ruffner, president of KB Home's Southern California division.
BUSINESS
June 15, 2010 | By Tiffany Hsu, Los Angeles Times
One of the country's largest home builders is offering a new financing option that could make it easier for people to afford solar-powered homes. Calling it the first large-scale program of its kind, Lennar Corp. plans to announce Tuesday a partnership with solar panel manufacturer and installer SunPower Corp. to lease panels rather than requiring home buyers to purchase the technology outright along with the house. Last year, Lennar and SunPower launched a successful test run of the leasing option in 150 Sacramento homes.
BUSINESS
April 3, 2008 | Elizabeth Douglass, Times Staff Writer
Turning the sun's rays into energy is an expensive endeavor, so solar companies are cooking up financial products that lower the upfront costs for homeowners and businesses. Foster City, Calif.-based SolarCity is the latest to jump in, launching a lease program Wednesday that would slash the initial outlay for residential customers to as little as 10% of the total installation cost.
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