$1.4 bn bid of French Total oil for 60% of US SunPower
Post date: Apr 30, 2011 8:39:49 AM
Reaction to Fukushima anti-nuclear
French energy major Total SA's
landmark $1.37 billion offer for a majority stake in
us.sunpowercorp.com/about/newsroom
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 caused by last month's earthquake and tsunami.
No solar business in France for Total and Italian orders had been pushed into the second and third quarters.
source: reuters.com