SunPower, a majority of which is being bought by Total in a tender offer transaction expected to close in June, brought in revenue of $451.4m in the quarter, up 30% from a year earlier
Like other major solar providers, SunPower blamed uncertainty around the Italian Feed-in Tariff for pausing the market there, particularly for larger projects.
The new Italian policy, announced earlier this month, favours rooftop projects, with SunPower chief executive Tom Werner says plays to his company’s strengths.
“Italy,
