SunPower Names Luis Torres Managing Director, Market Development Southern Europe

Tuesday, September 2nd 2008

SunPower Corporation, a manufacturer of high-efficiency solar cells, solar panels and solar systems, today announced that Luis Torres has joined the company as managing director, market development southern Europe. In this newly created role, he is responsible for working with public policy officials, industry colleagues and solar advocates to grow solar markets throughout southern Europe.

Torres joins SunPower with more than 10 years of expertise in the solar power industry. Prior to joining SunPower, he held several key positions with BP Solar, including southern European regulatory development and external affairs director. In this role, he helped develop feed-in tariff programs in Spain and Italy that substantially expanded the grid-connected solar markets in these countries. Earlier in his career with BP Solar, Torres was named senior business development manager for South America, where he drove multi-million dollar solar projects that powered rural areas in Brazil, Ecuador and Columbia. In addition, Torres held several positions with leading photovoltaic companies working in sales and marketing, business development, regulatory affairs and supply chain management securing capital equipment assets.

“As SunPower continues its rapid growth into existing and emerging global markets, it is imperative that we hire leaders like Luis with the expertise to shape solar and power markets,” said Julie Blunden, vice president of public policy and corporate communications for SunPower. “Luis will work closely with all of the solar stakeholders to ensure that we accelerate solar power deployment across southern Europe. I am delighted to welcome Luis the SunPower team.”

Torres holds a master’s of science degree in Aerospace Engineering from the Polytechnic University in Madrid, Spain, and a master’s degree in marketing from the Manchester Business School in the U.K.

SunPower Corporation (Nasdaq: SPWR) designs, manufactures and delivers high-performance solar electric systems worldwide for residential, commercial and utility-scale power plant customers. SunPower high-efficiency solar cells and solar panels generate up to 50 percent more power than conventional solar technologies and have a uniquely attractive, all-black appearance. With headquarters in San Jose, Calif., SunPower has offices in North America, Europe and Asia. For more information, visit http://www.sunpowercorp.com. SunPower is a majority-owned subsidiary of Cypress Semiconductor Corp. (NYSE: CY).

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