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Monday, May 2, 2011

French Oil Giant Total Spends $1.4 Billion To Control SunPower, But Why?

http://www.fastcompany.com/1750664/french-oil-giant-total-spends-14-billion-to-control-sunpower-but-for-what

"Total’s acquisition of a majority stake in SunPower is a significant endorsement for the solar PV industry and demonstrates the growing importance of this industry within the broader energy sector," said Russ Kanjorski, vice president of marketing at Abound Solar, in an e-mailed statement. "With leading multinationals, such as Total and General Electric, making major investments in solar PV manufacturing, the future looks very bright for the industry as a whole."

but watch the cautionary video at the bottom

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