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BRIEF-SunPower invests in Australian renewable electricity retailer

Oct 9 (Reuters) - SunPower Corp :

* Invests in Australian renewable electricity retailer diamond energy

* Says acquired a minority stake of approximately 42 percent in diamond energy

* Says has an option to increase its ownership percentage over time.

* Says SunPower will also assume a seat on the company's board of directors.

* Says will also assume a seat on the company's board of directors.

* Source text * Further company coverage

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