U.S. solar companies First Solar Inc and SunPower Corp on Monday unveiled plans to expand in China, which is expected to be among the top solar markets in the world next year. First Solar, the biggest U.S. solar panel maker, agreed to supply 2 megawatts (MW) of its thin-film solar modules to a solar project in Xinjiang province in western China, in the first quarter of 2013.This will be the company's first commercial demonstration project in China, First Solar said.Smaller rival SunPower said it will team up with its partners in China to manufacture and sell its concentrating solar-power systems in the Asian country.U.S.-based SunPower, which is majority owned by France's Total SA, will invest $15 million and receive a 25 percent stake in the $60 million joint venture.
First Solar, Inc. manufactures and sells solar modules with an advanced thin-film semiconductor technology, and it designs, constructs, and sells photovoltaic (PV) solar power systems. Shares of FSLR traded higher by 0.48% or $0.13/share to $27.12. In the past year, the shares have traded as low as $11.43 and as high as $51.89. On average, 5976640 shares of FSLR exchange hands on a given day and today's volume is recorded at 2121567.
TOTAL SA is a France-based integrated international oil and gas company. Shares of TOT traded higher by 0.18% or $0.09/share to $50.25. In the past year, the shares have traded as low as $41.75 and as high as $57.06. On average, 2172990 shares of TOT exchange hands on a given day and today's volume is recorded at 834827.
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