First Solar sells Japan solar development & O&M platforms to PAG for ~$575M

FIRST SOLAR, INC.

Sale of 293 MW DC project development platform and 665 MW DC O&M platform to PAG Real Assets for ~$575M.
Transaction expected to close Q2 2022 for project platform, H2 2022 for O&M platform, subject to regulatory approvals.
First Solar to focus on module technology; majority of Japan employees to join PAG.
PAG (>$50B AUM) will combine platforms to create one of Japan's largest renewable operators with >600 MW DC capacity.
Deal includes First Solar supplying ~286 MW DC of solar modules to PAG.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.