TEMPE, Ariz. and TOKYO, Oct. 5, 2022 (GLOBE NEWSWIRE) — A release issued earlier today by First Solar, Inc. (Nasdaq: FSLR) is revised as follows:
First Solar, Inc. (Nasdaq: FSLR) has completed the previously announced sale of its solar operation and maintenance (O&M) platform in Japan to a fund managed by PAG Real Assets (“PAG”).
Platform output is approximately 665 megawatts (MW)DC Number of solar assets under management in the country. As part of the sale, the majority of First Solar O&M employees in Japan joined PAG.
PAG is a leading Asia Pacific focused private investment manager with over $50 billion in assets under management.
About First Solar
First Solar is a leading U.S. solar technology company and global provider of responsibly produced and eco-efficient solar modules, advancing the fight against climate change. Developed in R&D labs in California and Ohio, the company’s advanced thin-film photovoltaic (PV) modules represent the next generation of solar technology and are a competitive alternative to traditional crystalline silicon PV panels. provides a high-performance, low-carbon alternative to From sourcing and manufacturing raw materials to recycling used modules, First Solar’s approach to technology embodies sustainability and responsibility to people and the planet. For more information, please visit www.firstsolar.com.
PAG is a leading APAC-focused alternative investment firm with three core strategies: Credit & Markets, Private Equity and Real Assets. Founded in 1997 as Secured Capital Japan, PAG Real Assets has invested his $32 billion in over 7,000 properties in the Asia Pacific region. PAG manages capital on behalf of approximately 300 institutional investors, including the most sophisticated global asset allocators. As of December 31, 2021, PAG has 293 investment professionals in 12 major offices around the world. PAG has over $50 billion in assets under management. For more information, please visit www.pag.com.