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Four Megawatts of SunPower® Solar Panels Powering Arab Jordan Investment Bank

 

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SunPower (NASDAQ:SPWR) announced that the company supplied four megawatts of high efficiency SunPower® E-Series solar panels for a ground-mounted solar power system in Amman, Jordan. The system is generating power for Arab Jordan Investment Bank's (AJIB) headquarters, and branches in the Amman area. Designed and constructed by Wathba Energy, it was commissioned in July 2018 and is expected to generate seven gigawatt hours of electricity in the first year of operation.

"There is tremendous growth potential in Jordan's solar market, and we congratulate AJIB for its leadership in the use of this affordable, renewable power source," said Dr. Feras Batarseh, general manager of Wathba Energy. "SunPower's high performance solar panels will optimize the value of this project for AJIB, by maximizing energy production and helping AJIB achieve its financial and operational goals."

"Customers worldwide rely on SunPower solar panels for proven performance and reliability," said SunPower Executive Vice President Peter Aschenbrenner. "Backed by a strong SunPower product and power warranty, the panels installed on the ground-mounted system can generate long-term value and cost-competitive solar power for 25 years or more."

SunPower E-Series panels deliver an average 20.4 percent efficiency to maximize energy production in space constrained areas. Compared to conventional solar panels, E-Series panels produce up to 36 percent more power per panel, and 60 percent more energy per square foot over 25 years.

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