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First Solar/Belectric JV

First Solar Inc and Belectric Holding GmbH have formed a joint venture (JV) to develop photovoltaic (PV) power projects independently acquired or developed by either of the two companies in Europe, North Africa and the United States.

"Under the terms of the JV, First Solar will supply its advanced thin-film modules and selected components such as the First Solar Tracker while Belectric will provide its Balance of Systems (BoS) and a range of service capabilities.

"With its industry-leading capabilities, this joint venture will ensure that our individual project obligations are delivered to the highest standards," said Jim Hughes, First Solar's CEO. "First Solar and Belectric share a long history of excellence and we are confident about the future of this initiative, which is based on a firm foundation of mutual trust, expertise and a track record that is unrivalled in the solar energy industry.

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Photovoltaics (PV)  •  Policy, investment and markets  •  Solar electricity