TotalEnergies has signed a definitive agreement with SunPower Corp to purchase its Commercial & Industrial Solutions business for USD 250 million, including USD 60 million of earn-out subject to regulatory evolution. This acquisition is another step in TotalEnergies’ roadmap to develop its distributed generation business, currently accounting to close to 500 MW in operation worldwide. It will allow TotalEnergies to extend its distributed generation business footprint to the US and to develop over 100 MW of additional capacity per year. Beyond, this activity will also create synergies with TotalEnergies' large-scale solar energy portfolio in the U.S and enable B2B customers to benefit from more comprehensive energy solutions and new capabilities in financing and project ownership.TotalEnergies is the majority shareholder of SunPower, a leading solar technology and energy services provider.
TotalEnergies has signed a definitive agreement with SunPower Corp to purchase its Commercial & Industrial Solutions business for USD 250 million, including USD 60 million of earn-out subject to regulatory evolution. This acquisition is another step in TotalEnergies’ roadmap to develop its distributed generation business, currently accounting to close to 500 MW in operation worldwide. It will allow TotalEnergies to extend its distributed generation business footprint to the US and to develop over 100 MW of additional capacity per year. Beyond, this activity will also create synergies with TotalEnergies' large-scale solar energy portfolio in the U.S and enable B2B customers to benefit from more comprehensive energy solutions and new capabilities in financing and project ownership.TotalEnergies is the majority shareholder of SunPower, a leading solar technology and energy services provider.
