Nevertheless it is a high-profile move in what it sees as a growth sector. French oil company Total is to install solar panels at 5,000 of its power stations , cutting its electricity bill by $ 40 m a year . The project follows Total 's acquisition of stakes in two solar power start - ups through its venture - capital fund earlier this year . Total said the project represented an investment of around $ 300 m over five years and would reduce carbon emissions by 10,000 tons each year .
French oil company Total is to install solar panels at 5,000 of its power stations , cutting its electricity bill by $ 40 m a year . The project follows Total 's acquisition of stakes in two solar power start - ups through its venture - capital fund earlier this year . Total said the project represented an investment of around $ 300 m over five years and would reduce carbon emissions by 10,000 tons each year .