CORRECTION -- First Solar Completes Sale of Japan Operations & Maintenance Platform to PAG Real Assets
October 05 2022 - 7:52AM
Please note that the release issued earlier today by First Solar,
Inc. (Nasdaq: FSLR), has been corrected as follows:
First Solar, Inc. (Nasdaq: FSLR) has completed
the previously announced sale of its solar operations and
maintenance (O&M) platform in Japan to funds managed by PAG
Real Assets (“PAG”).
The platform has approximately 665 megawatts
(MW)DC of solar assets under management in the country. As part of
the sale, the majority of First Solar O&M employees in Japan
have joined PAG.
PAG is a leading Asia Pacific-focused private
investment manager with more than $50 billion in assets under
management.
About First Solar, Inc.First
Solar is a leading American solar technology company and global
provider of responsibly produced eco-efficient solar modules
advancing the fight against climate change. Developed at R&D
labs in California and Ohio, the company’s advanced thin film
photovoltaic (PV) modules represent the next generation of solar
technologies, providing a competitive, high-performance,
lower-carbon alternative to conventional crystalline silicon PV
panels. From raw material sourcing and manufacturing through
end-of-life module recycling, First Solar’s approach to technology
embodies sustainability and a responsibility towards people and the
planet. For more information, please visit www.firstsolar.com.
About PAG PAG is a leading
alternative investment firm focused on APAC with three core
strategies: Credit & Markets, Private Equity, and Real Assets.
Founded in 1997 as Secured Capital Japan, PAG Real Assets has
invested $32 billion across more than 7,000 properties across the
Asia-Pacific region. PAG manages capital on behalf of nearly 300
institutional fund investors, including some of the most
sophisticated global asset allocators. As of 31 December 2021, PAG
had 293 investment professionals in 12 key offices globally. PAG
has more than $50 billion in assets under management. For more
information, please visit www.pag.com.
MediaReuven ProençaFirst Solar
Mediareuven.proenca@firstsolar.com |
InvestorsRobyn RemesFirst Solar
Investor Relationsinvestor@firstsolar.com |
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