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
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