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Direct Energie

Total inks deal to acquire Direct Energie

The French oil group, which is the parent company of U.S. solar manufacturer, SunPower, is set to acquire a 74.33% stake in France’s third largest power utility, Direct Energie. With this move, Total is gearing up to expand its presence in the power sector, particularly in France and Belgium.


Direct Energie expands further into solar and renewables through acquisition of Quadran

The French power utility, which is also the parent company of the independent power producer Neoen, has made another step into the renewable energy sector. The acquisition price is estimated at around €303 million.


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