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Why France Is SunPower's Secret Weapon

TheMotleyFool

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When investors think about the locations that solar companies are relying on for demand, France may not be the first one that comes to mind. The country isn't particularly big in the solar industry -- it aims to install just 2.7 gigawatts (GW) this year, out of the approximately 120 GW that is expected to be installed globally. But there's one solar company in particular that's focused on taking as large a share of that business as it can get.

SunPower (NASDAQ: SPWR) and its parent Total (NYSE: TOT) have won as much as one-third of France's solar power tenders, and with 2.7 GW allocated this year and 2.9 GW each of the next five years, the stakes are worth billions.

Image source: SunPower.

Source Fool.com

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