Reports suggest French energy giant, Total, is considering investing in Qatar’s burgeoning solar sector. At a press conference, Total CEO, Andrew Lee, 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.
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.