Total to invest one billion euro in SunPower

To Reuters : ” French energy major Total SA’s landmark $1.37 billion (note : one billion euro) offer for a majority stake in U.S. company SunPower Corp gave fresh impetus to hopes of more deals, lifting global solar stocks. ”

Total’s move is one of the biggest ever by an oil and gas giant into the market for renewable energy, which has seen a resurgence of interest following the nuclear crisis at Japan’s Fukushima power plant.”

” (…) Investors have been waiting for years for large-scale consolidation in the solar sector.” Well, I guess that solar is more and more going towards mass market, these are great news !

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Edouard

Edouard is a sustainability and energy professional committed to bringing our societies to a carbon neutral future. He has been writing on related topics on this very blog since 2007.

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