Work on the projects will begin within the next few months and construction is expected to be completed by the end of 2015.
“Customers, investors and banks see this as a stamp of approval on SunPower,” SunPower’s president and chief executive, Tom Werner, said.
“It’s a huge deal for us, roughly the size of our company.”SunPower, based in San Jose, California, has a market value of $732 million.
The two projects acquired by MidAmerican will have a combined capacity of 579 megawatts (MW), creating the largest solar photovoltaic power development in the world.
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