First Solar and Belectric announce JV


On the day the U.S. Securities and Exchange Commission (SEC) announced charges against a former VP of First Solar, the Arizona-based thin film giant launched a joint venture (JV) with German solar company Belectric.

The JV – called PV Projects – will be tasked with developing schemes in north Africa and Europe as well as projects under 20 MW in North America, including Belectric's 280 MWp U.S. pipeline.

Under the terms of the JV, which is yet to be approved by the relevant merger authorities, First Solar would supply projects with its thin-film modules, selected equipment such as its solar trackers and ‘value added services.'

Belectric would supply Balance of Systems and service capability with EPC being provided by both companies on a project by project basis.

A press release announcing the launch of the JV emphasized its non-exclusive nature, leaving both partners free to pursue opportunities independently.

The proposed JV marks a ten-year association between the two companies, which recently inaugurated the 128 MWp Templin plant in Germany, the largest installation of First Solar modules in Europe after the U.S. company supplied around 80 per cent of the 1,400 MWp of modules installed by Belectric.

Popular content

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact:


Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.