Total Launches Vast Program to Install Solar Po...
Total Launches Vast Program to Install Solar Power in 5,000 Service Stations Worldwide
TOTAL
Regulatory News:
Total (Paris:FP) (LSE:TTA) (NYSE:TOT) is launching a program to equip 5,000 of its service stations worldwide with solar panels within five years, including 800 in France. The total solar capacity to be installed is about 200Â MW, equivalent to the amount of electricity used to power a city of 200,000 people. The project represents an investment of around $300Â million.
“The project is fully aligned with Total’s ambition of becoming the responsible energy major and its commitment to developing solar power. It will reduce our carbon emissions by 100,000 tons per year and cut our electricity bill by $40 million per year,†said Philippe Sauquet, President of Gas, Renewables & Power at Total. "The panels will be supplied by our affiliate SunPower, which offers the world’s most efficient solar technology. This project demonstrates Total’s confidence in SunPower, especially its ability to bring our customers competitive, clean energy.â€
An affiliate of Total, SunPower is a global leader in photovoltaic solar energy. Based in San Jose, California, SunPower develops, manufactures and operates the world's highest performing solar systems for homeowners and businesses.
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About Total
Total is a global integrated energy producer and provider, a leading international oil and gas company, and the world’s second-ranked solar energy operator with SunPower. Our 96,000 employees are committed to better energy that is safer, cleaner, more efficient, more innovative and accessible to as many people as possible. As a responsible corporate citizen, we focus on ensuring that our operations in more than 130 countries worldwide consistently deliver economic, social and environmental benefits. total.com
Cautionary note
This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TOTAL S.A. directly or indirectly owns investments are separate legal entities. TOTAL S.A. has no liability for their acts or omissions. In this document, the terms “Total†and “Total Group†are sometimes used for convenience where general references are made to TOTAL S.A. and/or its subsidiaries. Likewise, the words “weâ€, “us†and “our†may also be used to refer to subsidiaries in general or to those who work for them.
This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TOTAL S.A. nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise.
TOTAL S.A.
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View source version on businesswire.com: http://www.businesswire.com/news/home/20161114006753/en/
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