It’s Official! Oil And Gas Giant Total Now Owns $1.3 Billion Controlling Stake In SunPower
June 15, 2011 at 13:48 PM EDT
Total , the fossil fuels giant, just gave itself a renewable energy makeover by finishing up its $1.3 billion purchase of a majority stake in SunPower , the San Jose, Calif.-based designer and manufacturer of solar panels and systems. Let's put the scope of the Total-SunPower deal in perspective. According to research by the Cleantech Group and Deloitte, for all of 2010, venture investments in cleantech companies of any stripe worldwide totaled $7.7 billion across 715 deals and the solar segment attracted 24 percent of those dollars.
