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Energy major Total will not invest in wind power
News of 15-10-2007
During a conference on the future of energy, French oil major Total stated it will not invest in wind power as the technology cannot deliver base-load power and is plagued by its intermittent nature which requires backup by other sources. Speaking in Paris, CEO Christophe de Margerie outlined the company's 'post-oil' priorities and said the company will instead focus on the development of bioenergy and solar power.
From Biopact
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