June 12, 2008

Ghent, Belgium: Enfinity Signs Framework Agreement with SunPower Corporation

Enfinity, a developer of renewable energy projects, has entered into a framework agreement with SunPower Corporation 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 Van Neer, 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.

Further details about: Enfinity and SunPower Corporation