SAN JOSE, Calif. and
TEMPE, Ariz., March 10, 2015 /PRNewswire/ -- First Solar,
Inc. (NASDAQ: FSLR) and SunPower Corp. (NASDAQ: SPWR) announced
today that 8point3 Energy Partners LP (8point3 Energy Partners), a
limited partnership formed by First Solar and SunPower to own and
operate a portfolio of selected solar generation assets, has filed
a Registration Statement on Form S-1 (the Registration Statement)
with the Securities and Exchange Commission (the SEC) for an
initial public offering (the IPO) of Class A shares representing
limited partner interests in 8point3 Energy Partners (the
shares).
The number of shares to be offered and the initial public
offering price of the shares have not yet been determined. 8point3
Energy Partners will apply to list the shares on the NASDAQ Global
Market.
Goldman, Sachs & Co. and Citigroup will act as lead book
running managers for the IPO. The IPO will be made only by means of
a prospectus. When available, copies of the preliminary prospectus
related to the IPO may be obtained from: Goldman, Sachs & Co.,
Attn: Prospectus Department, 200 West Street, New York, NY 10282 or by emailing
prospectus-ny@ny.email.gs.com; or Citigroup, c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, telephone
800-831-9146.
The Registration Statement relating to the shares has been filed
with the SEC but has not yet become effective. The shares may not
be sold nor may offers to buy the shares be accepted prior to the
time when the Registration Statement becomes effective. Completion
of the IPO is subject to the execution of definitive documentation,
each party's board approval, and regulatory approval and there can
be no assurance that the IPO or any other transaction will occur.
Copies of the Registration Statement can be accessed through the
SEC's website at www.sec.gov. This news release does not constitute
an offer to sell or the solicitation of an offer to buy securities,
and shall not constitute an offer, solicitation or sale in any
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of that jurisdiction.
About First Solar
First Solar (NASDAQ: FSLR) is a
leading global provider of comprehensive photovoltaic solar
systems, which use its advanced module and system technology. First
Solar's integrated power plant solutions deliver an economically
attractive alternative to fossil-fuel electricity generation. From
raw material sourcing through end-of-life module recycling, First
Solar renewable energy systems protect and enhance the
environment.
About SunPower
SunPower (NASDAQ: SPWR) designs,
manufactures and delivers the highest efficiency, highest
reliability solar panels and systems available today. Residential,
business, government and utility customers rely on SunPower's 30
years of experience and guaranteed performance to provide maximum
return on investment throughout the life of the solar system.
Headquartered in San Jose, Calif.,
SunPower has offices in North and South
America, Europe,
Australia, Africa and Asia.
Forward-Looking Statements
This news release includes
forward-looking statements. Actual events and results may differ
materially from those projected. The statements in this news
release regarding a possible IPO of 8point3 Energy Partners, and
other statements that are not historical facts, are forward-looking
statements. Each forward-looking statement in this release speaks
only as of the date of this release. Factors that could cause
actual events and results to differ materially from those projected
by forward-looking statements include an inability to satisfy
closing conditions to the IPO and related transactions, a failure
to obtain applicable regulatory approvals, unfavorable market
conditions, either party exercising its termination rights under
the master formation agreement related to 8point3 Energy Partners
and other factors discussed in the filings First Solar and SunPower
make with the SEC from time to time, including their most recent
respective reports on Form 10-K and 10-Q, particularly under the
heading "Risk Factors."
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SOURCE SunPower Corp.