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TotalEnergies : acquires sunpower's solar activities

TotalEnergies : acquires sunpower's solar activities

TotalEnergies announces the signature of a definitive agreement with SunPower to acquire SunPower's commercial and industrial solar activities (CIS) for an amount of $250 million - including $60 million in potential earn-outs depending on certain regulatory changes.

TotalEnergies is the majority shareholder of SunPower, a leading company in the field of solar energy in the United States.

This acquisition will allow TotalEnergies to develop in this segment in the United States and increase its capacity by more than 100 MW per year.

For its part, SunPower will focus on the residential market with a view to accelerating its growth

Vincent Stoquart, Director of Renewables at TotalEnergies , specifies that TotalEnergies is aiming for a production capacity of solar origin of 4 gigawatts by 2025 in the United States.