For over 25 years, specialists at Total and in our subsidiaries have progressed across the photovoltaic solar energy chain, fostering the emergence of a reliable, efficient and cost-effective technology. Our partnership with SunPower has given new impetus to our solar expansion.
In the solar photovoltaic business, we are leveraging existing skills, extensive R&D, and partnerships to expand our photovoltaic solar activities.
SunPower: the Focal Point of our Photovoltaics Commitment
In June 2011, following a friendly takeover bid, Total became the majority shareholder of U.S.-based SunPower, one of the world’s leading solar energy operators. We now hold a 66% stake in the company. This agreement represented a major milestone in the deployment of our solar strategy. Backed by Total’s f inancial strength and international footprint, SunPower is now at the center of our solar energy business.
SunPower has been developing high-efficiency photovoltaic technologies for more than 25 years. A Silicon Valley pioneer, it has gradually carved out a niche for itself as one of the world’s leading solar energy specialists, in large part because of the reliability of its solutions.
SunPower is fully integrated across the entire value chain, from solar cell production to turnkey development of large-scale solar power plants and installation of residential rooftop solutions.
SunPower manufactures all its cells in Asia, in the Philippines and Malaysia. It also has five solar panel assembly plants in Mexico, the Philippines, South Africa and France, including one commissioned in early 2012 at the Composite Park De Vernejoul site in Moselle.
SunPower acquired 100% of Total subsidiary Tenesol in January 2012, bringing all of the Group’s solar energy assets under one umbrella. This will enable the two companies to develop their synergy.
Tenesol is a forefront player in the European solar energy industry and French market leader in large rooftop photovoltaic systems for industrial and commercial facilities. Tenesol also offers SunPower access to its sales network in France, the rest of Europe and Africa.