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Northstar Clean Technologies
Northstar Clean Technologies

First Solar ($FSLR) Receives Order For 93 Megawatts of Solar Panels From Solarvest For Malaysian Projects

First Solar (NASDAQ: FSLR) has announced that it will supply Solarvest Holdings, a clean energy specialist and turnkey engineering service provider in southeast Asia, with 93 megawatts of advanced thin film photovoltaic solar panels.

The panels will power four projects being built as part of Malaysia’s Large Scale Solar Program. Solarvest will utilize Series 6 modules for projects located in the Malaysian states of Selangor, Perak, and Kedah.

“First Solar has a longstanding presence in Malaysia and we’re proud that our module technology will play a role in helping the country meet its clean energy goals,” said Adam Smith, vice president of Global Business Development, First Solar. “This deal represents our commitment to deploying our high-performance and eco-efficient module technology at scale in Malaysia.”

First Solar has had a presence in Malaysia since 2007 and currently operates a 3.3 gigawatt manufacturing plant in Penang. In addition to its Malaysian manufacturing facilities, the company also operates factories in Vietnam and the United States. First Solar is also building a new 3.3 gigawatt factory in India. With First Solar’s expansion in the United States and India, the company anticipates that its nameplate manufacturing capacity will double to 16 gigawatts by 2024. 

Shares of First Solar trade on the NASDAQ under the ticker symbol FSLR.FirstSolar7 21 2022

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