“The goal is to be in the top three global solar power companies, expand electricity trading and energy storage, and be a leader in biofuels, especially in bio jet fuels, and consider potential opportunities in other renewable energies,” said Total’s CEO Patrick Pouyanne.

Total, which owns a 66% stake in California-based PV group SunPower, plans to invest at least $500m a year into renewables, and increase their share in its portfolio from the current 3% to between 15% and 20% by 2035.

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