Now Playing: La France change pour solaire - Total Euro 1 milliard pour SunPower
Topic: Solarlife capital
Fukushima spurs up French Solar investment by Total
In a deal that highlights the rapid maturation of the solar industry, French oil major Total SA said Thursday it would spend $1.37 billion to buy a controlling stake in SunPower Corp.
The deal weds a solar company that industry observers say has an attractive technology to make high-quality, high-efficiency panels with a traditional fossil-fuel company that has access to cash and credit needed to accelerate solar deployment around the world.
source: online.wsj.com
Posted by solarlife
at 5:05 AM EDT
Updated: Sunday, 1 May 2011 5:14 AM EDT
