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Squire Patton Boggs Represents First Solar in Two Module Supply Transactions

07 Dec 2017

Squire Patton Boggs client First Solar, Inc., a leading global provider of comprehensive photovoltaic (PV) solar systems, has announced the completion of two separate module sale deals, totaling 595 Megawatts and 200 Megawatts, respectively.

First Solar and Origis Energy USA have completed a module sale deal totaling 595 Megawatts over a three-year delivery date schedule. In the agreement, First Solar will deliver its Series 4 modules in 2017 and 2018, as well as Series 6 modules in 2019 and 2020. The technology of thin film PV modules will be used in a number of projects in the US where Origis Energy is developing solar sites.

In a separate transaction, First Solar has completed a module sale deal with an affiliate of D. E. Shaw Renewable Investments, L.L.C. (DESRI), totaling 200 Megawatts, with delivery dates in 2019. First Solar will provide 200 Megawatts of its new large area Series 6 thin film PV modules to DESRI for its pipeline of projects going into construction.

Squire Patton Boggs Washington DC partner Kevin S. Levey represented First Solar in both transactions.

Matter Type
Asset Sale: Seller's Counsel
Industry
Manufacturing
News Category
Real Estate & Construction
M&A