To Reuters : ” French energy major Total SA’s landmark $1.37 billion (note : one billion euro) offer for a majority stake in U.S. company SunPower Corp gave fresh impetus to hopes of more deals, lifting global solar stocks. ”
” Total’s move is one of the biggest ever by an oil and gas giant into the market for renewable energy, which has seen a resurgence of interest following the nuclear crisis at Japan’s Fukushima power plant.”
” (…) Investors have been waiting for years for large-scale consolidation in the solar sector.” Well, I guess that solar is more and more going towards mass market, these are great news !
For more details and analysis, please check out :
- GreenTech Solar : Total to Take Controlling Interest in SunPower.
- New York Times : Total Acquires 60% of a Solar Panel Maker