Bloomberg News

SunPower Settles Suit Against Project Backed by Loan Guarantees

November 02, 2011

Nov. 2 (Bloomberg) -- SunPower Corp., a solar manufacturer majority owned by Total SA, settled a legal dispute with environmental groups by agreeing that a California power project it’s building now, backed by a U.S. Energy Department loan guarantee, will be dismantled after 50 years.

The area’s natural habitat will be restored after the 250- megawatt California Valley Solar Ranch project in San Luis Obispo County is decommissioned, San Jose, California-based SunPower said today in a statement.

A lawsuit filed by North County Watch and Carrizo Commons, two California environmental advocacy groups, will be dismissed, the statement said.

The project received a $1.24 billion Energy Department loan guarantee from the same program that backed failed solar panel- maker Solyndra LLC. SunPower sold the project to NRG Energy Inc. when the loan guarantee closed Sept. 30.

--Editors: Will Wade, Jessica Resnick-Ault

To contact the reporter on this story: Zachary Tracer in New York at ztracer1@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net


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