French Consolidation Aims for Solar Superiority

[] Electricite de France (EDF) and Total increased their respective stakes in Total Energie, a company specializing in photovoltaic (PV) solar energy, to 50 percent each with the acquisition of the 20 percent interest held by the founders and management of the company. Total Energie will now be known as Tenesol. Tenesol has designed, manufactured, installed and operated photovoltaic solar systems for more than 20 years. The Lyon-based company has a PV panel production plant in South Africa and has begun construction of a new facility in Toulouse. In 2004, it generated consolidated sales of around Euro 115 million (USD$ 145 million), corresponding to 25 MW of PV solar panels. 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 programs in Morocco, Mali and South Africa, which will eventually supply more than 70,000 isolated households with PV electricity.

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