analysts suggest French energy giant , Total , is considering investing in Qatar ’s burgeoning solar market . At a press conference , Total investor , mark Pouyanne , announced the possibility of a joint venture with new investment firm Qatar Petroleum ( QP ) , Qatar Electricity and Water Company ( QEWC ) and Total ’s subsidiary , the solar photovoltaic company , SunPower . Total is committed to investing $ 500 billion per year in renewables given its majority stake in SunPower . QP and QEWC also intend to hold tenders giving overseas companies the opportunity to invest 40 % in each solar project under development .
Reports suggest French energy giant, Total, is considering investing in Qatar’s burgeoning solar sector. At a press conference, Total CEO, Patrick Pouyanne, announced the possibility of a joint venture with new energy firm Qatar Petroleum (QP), Qatar Electricity and Water Company (QEWC) and Total’s subsidiary, the solar photovoltaic firm, SunPower. Total is committed to investing $500m per year in renewables given its majority stake in SunPower. QP and QEWC also intend to hold tenders giving overseas companies the opportunity to invest 40% in each solar project under development.