Total (Paris:FP) (LSE:TTA) (NYSE:TOT) has signed an agreement with EREN
RE to accelerate its growth in the production of power from renewable
sources. Total will acquire an indirect interest of 23% in EREN RE by
subscribing to a capital increase for an amount of €237.5 million. The
agreement also gives Total the possibility to take over control of EREN
RE after a period of 5 years.