French oil and gas giant Total has made an offer to purchase photo voltaic solar panel maker, SunPower, for up to $2.3 billion. The purchase will give SunPower the strength to compete more effectively in the global solar panel manufacturing business including reducing the costs of constructing solar power plants.
Chicago based Lincoln Renewable Energy has made a $41 million deal with Macquarie Energy LLC to finance and construct a 10 megawatt solar power plant in New Jersey. Macquarie Energy will enter into a long term purchase power agreement with Lincoln Renewable Energy as part of the deal. The plant will be built in Cumberland County, Fairfield Township.