Include ' adding on more recent SunPower solar

combining third oil manufacturer SA that most of Europe. Cancelled bets on solar power, SunPower Corp. 's stake in extends across and sell renewable energy development agency to u.s. companies.

Total, which owns 60 percent of the solar panel maker seconds most of the United States agreed to pay $ 163.7 million for an additional 6 percent SunPower said yesterday in a statement. Solar energy co., agreed to total income of $ 165.4 million Tenesol SA units for cash.

The sum will be paid 50 percent premium over the closing price for December 22 Pavel Molchanov move SunPower stock analyst with Raymond James Associates Inc. Houston that capability has said of confidence score in the company of a contrast with BP Plc. Europe's largest oil companies, which is shuttering its solar panels after 40 years.

"Total not only make big bets on solar panels with an investment of $ 1.3 billion in SunPower in July it is now saying Molchanov added by investments in funds.

Increase your bets may be symbolic rather than practical. He said "I'm not sure 6 percent extra means but they bill their mouth is" total "is telegraphing that they still carry the SunPower.

Total may refrain from buying the rest of hence Molchanov, SunPower mentioned that will have solar company stock itself.

Potential investor SunPower may not know how to do business in solar power and "shareholders and employees are not motivated in all of the shares in the company if the sum. Oil company He said

SunPower shares have plunged 72 percent since April 29 days after their purchase must include declaring most capital.

Slumping price solar

Solar Panel prices have slumped to 47 percent this year. Global supply is increased, especially producers in China annual production, while the growth of demand for delay after Germany. Italy and other important markets cut area

That has helped drive the three u.s. solar company into bankruptcy this year, including the warranty LLC which acquired Solyndra loan Government United States $ 535 million. The two German companies and Solon SE solar Millennium AG filed for insolvency last month.

BP told employees this month, it closed its solar business because that becomes a negative position.

Other companies will move into the solar industry, Warren Buffett MidAmerican Energy Holdings purchased solar project this month 2 billion under development in residents of 49 percent, at $ 1.8 million was generated in Arizona.

Global investment in renewable energy. $ 195 million in 2010 and expects more than two million to $ 395 baht in 2020, according to Bloomberg's new energy finance.

Underrepresented markets.

Buy Tenesol will take "more flexibility and better marketing competition in major markets where we currently are underrepresented," SunPower Chief Financial Officer Dennis Arriola said 3 nov. on meeting profitability when SunPower still consider buying.

Tenesol has installed more than 500 megawatts of solar power systems around the world, mostly in Europe and market occurs.

Company President Philippe Boisseau and gas oil and Energy Division "of activity with SunPower to step Tenesol forward in its strategy to become the Grand total. Energy industry in the World Solar Programme, said in a statement.

Helen Kendrick, SunPower spokeswoman said the company would not comment on the negotiations, in addition to the commands.

Total stock purchase when SunPower is expected to close this in ranges Tenesol. 2012.

-Editors: Will Wade Jasmina Kelemen.

Contact report on this subject: Ehren Goossens In New York at egoossens1@bloomberg.net Morales Alex in London amorales2@bloomberg.net.

Contact the editor responsible about this: tongue Landberg at landberg@bloomberg.net.

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