Total Says SunPower Can Withstand China Solar Panel Competition
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SunPower Corp., the U.S. solar panel-maker controlled by Total SA, is strong enough to resist competition from Chinese manufacturers until the industry revives in 2014, an executive at the French oil company said.
This year and next “will be difficult, bumpy years, with lingering overcapacities and restructuring,” Arnaud Chaperon, head of electricity and new energy at Total, said today at a renewable energy conference in Paris. “The smallest players and those with lesser quality will fail.”