Total stated that the agreement values the whole business at $1.25 billion, factoring in debt. The firm will obtain $950 million at the time of closing.
The portfolio of assets contains six major solar power installations with an overall capacity of 1.3 GW, along with 41 smaller plants that have a combined capacity of 140 MW. The majority of the assets are situated in the United States.
After the transaction is finalized, Total will hold 50% of the firm and continue to manage all assetsÑŽ
source: cnn.com
