Total’s SunPower 60 percent acquisition costs $1.4 billion

It has been a deal covered widely, but any fears that Total’s 60 percent purchase of SunPower’s stock can be laid to rest as the cash offer has been completed. The deal had previously been estimated to cost Total $1.3 billion.

The deal gives SunPower significant cash reserves for its research and development programs and includes a $1 billion line of credit available to SunPower from Total.

The implications of the SunPower deal for Total solar subsidiary Tenesol are not yet clear.