28 - Integrating Climate into our Strategy A Solar Leader As a top-tier energy player, we view our contribution to developing new energies as both a strategic choice and an industrial responsibility. Through our affiliate SunPower, we rank among the top three globally in the solar industry and are expanding across the entire value chain. Total designs and manufactures photovoltaic cells, builds utility-scale solar power plants and markets integrated solar solutions for distributed power generation. Our affiliate SunPower is currently the global leader in solar technology. Its Maxeon® solar cells are the best in the market, with a conversion efficiency of 25%. Solar panels equipped with this technology produce 1.7 times more energy than conventional panels of the same size. Lowering manufacturing costs and improving photovoltaic cell conversion efficiency will enhance the competitiveness of solar energy 6 GW+ deployed worldwide DEVELOPING WORLD-CLASS SOLAR FARMS Connected to the grid in mid-2015, the Solar Star Projects in California can power 255,000 homes with its 1.7 million panels. In doing so, it avoids CO2 emissions equivalent to the amount generated by a city the size of Buenos Aires. Continuing its strategic development, in March 2016 SunPower announced a partnership with ISE Group to build a photovoltaic solar power plant in Japan with more than 80,000 panels to supply electricity to over 8,900 homes via the regional power grid. without subsidies. This is already the case in around 20 countries, and this trend is expected to continue driving market growth of over 10% a year. Consequently, SunPower plans to triple its manufacturing capacity in the coming years to meet this demand. Supporting this growing market is part of our strategy to increase the share of low-carbon businesses in our portfolio to around 20% in 20 years.