29 Apr '11, 6pm

Capital, Energy Diversity Key To SunPower-Total Deal, Say Execs: The deal between SunPower and Total is all ab...

Capital, Energy Diversity Key To SunPower-Total Deal, Say Execs: The deal between SunPower and Total is all ab...

The deal between SunPower and Total is all about hitting the accelerator. Total, the massive oil and gas conglomerate from France, will provide the industrial and financial muscle to allow SunPower to both cut the costs of building solar power plants and more easily and quickly expand its manufacturing footprint, executives from both companies said in an interview today. "You've got one of the best balance sheets on the planet," said Tom Werner, SunPower CEO. "It takes capital to build large power plants." The scale and financial heft Total can bring to SunPower will likely reverberate through the whole solar market. Solar companies must spend inordinate amounts of time and money chasing down capital for their projects; the cost of capital is one of the largest, and more unpredictable, variables when it comes to figuring out the cost of solar power. A big brother like Tota...

Full article: http://www.greentechmedia.com/articles/read/capital-facto...

Tweets

Total To Take Controlling Interest in SunPower:...

greentechmedia.com 28 Apr '11, 8pm

Total, mostly known for its oil and gas operations, announced that it will try to buy a controlling interest in SunPower, ...

Total Buys Majority Stake in SunPower

environmentalleader.com 29 Apr '11, 10pm

In a landmark deal for the solar industry, French oil major Total SA will spend $1.37 billion to buy a controlling stake i...

May 2 news: Clean-tech venture capital jumps 54...

climateprogress.org 02 May '11, 4pm

A year ago, when the Offshore Technology Conference came to town, BP’s Macondo well was still gushing thousands of barrels...

April 29 News: French oil giant bids $1.4 billi...

climateprogress.org 29 Apr '11, 4pm

As the country’s largest oil companies report near-record profits, the office of House Speaker John Boehner (R-Ohio) rejec...

French Oil Giant Total to Buy 60% of Solar PV Maker SunPower for $1.37 Billion: Photo: pgegre... th.bp #green #USRC

French Oil Giant Total to Buy 60% of Solar PV M...

treehugger.com 04 May '11, 6pm

"The world future energy balance will be the result of a long-term transition in which renewable energies will take their ...