SunPower set to think big as Total juggernaut rolls into solar

Total’s 60% acquisition of SunPower puts the California-based company in pole position as the global PV market shifts back towards utility-scale projects, industry insiders say.

The successful closure of the sale, announced today, saw the world’s fifth-largest independent oil company pay $1.37bn for a controlling stake in PV manufacturer and developer SunPower.

The deal is among the most significant in the solar industry’s history, and the French oil and gas major is expected to be first in a long line of traditional energy companies piling into the PV sector.

Total, which also recently bought the remaining 50% stake in French module maker Tenesol, is understood to have evaluated more than 200 PV companies before making an Log in to read complete article.

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