Total S.A.
12 May 2005
Renewable Energies:
Electricite de France and Total Consolidate Their Photovoltaic Business
Paris, May 12, 2005 - Electricite de France (EDF) and Total today increased
their respective stakes in Total Energie, a company specialising in photovoltaic
solar energy, to 50% each with the acquisition of the 20% interest held by the
founders and management of the company. Total Energie will now be known as
TENESOL.
This transaction demonstrates EDF and Total's commitment to jointly developing
TENESOL, a world leader in photovoltaics. The current management team has been
tasked with the continued development of the company.
TENESOL has designed, manufactured, installed and operated photovoltaic solar
systems for more than 20 years. The Lyon-based company has a photovoltaic panel
production plant in South Africa and has begun construction of a new facility in
Toulouse. In 2004, it generated consolidated sales of around €115 million,
corresponding to 25 MWp(1) (250,000 square metres) of photovoltaic solar panels.
The panels are used for domestic and industrial applications at sites connected
to the grid and off-grid sites. TENESOL has solid positions in Europe, mainly
Germany, in French overseas departments and territories, and in Africa, the
Middle East and Latin America.
EDF, Total and joint subsidiary TENESOL are also implementing decentralized
rural electrification programmes in Morocco, Mali and South Africa, which will
eventually supply more than 70,000 isolated households with photovoltaic
electricity.
With this transaction, the two companies have confirmed their commitment to a
fast-growing renewable energy. Solar power is forecast to make an increasing
contribution to global energy supply while at the same time contributing to
sustainable development.
(1)MWP: Megawatt-peak, or 1,000,000 watt-peak. Watt-peak is the unit of solar
panel and, in good sunlight, it represents on watt of electricity.
Total
France: Phillippe GATEAU
Tel. : 33 (0)1 47 44 47 05
phillippe.gateau@total.com
EDF
Jill Coulombez
Tel. : 33 (0)1 40 42 24 25
jill.coulombez@edf.fr
This information is provided by RNS
The company news service from the London Stock Exchange
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