Total Continues Its Look Beyond Fossil Fuels to Renewable Energy
No oil major has done more to build a renewable energy business than Total (NYSE: TOT). It owns two-thirds of solar manufacturer SunPower (NASDAQ: SPWR), bought battery maker Saft last year for $1.1 billion, and it's begun developing and owning renewable energy power plants around the world.
Last week, it made two more moves that will give it an even bigger presence in renewable energy, and the future may be looking a lot cleaner at Total.
Image source: SunPower.
Source: Fool.com
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