Total Wants to Be ‘Profitable’ Leader in Solar Energy, CEO Says

Total SA (FP) Chief Executive Officer Christophe de Margerie said solar energy can be profitable even though the industry is “depressed.”

“There is no reason solar can’t be profitable,” de Margerie said at a press conference on 2011 results, adding that the French oil company wants to be a leader in the industry through its SunPower Corp.

To contact the editor responsible for this story: Tara Patel at tpatel2@bloomberg.net

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