The UK is supporting and helping finance the development of a 20 million-dollar small scale renewable energy project in Chile. The project will be financed from the joint UK-Germany NAMA (Nationally Appropriate Mitigation Action) Facility and Chile's is only one in four of 47 projects worldwide that applied for this funding and reflects the quality of the Chilean application.
French oil and gas giant Total completed its 1.3 billion US dollars tender offer to buy a controlling 60% stake in SunPower, a California provider of solar power systems, the two companies announced Wednesday.