First Solar signs MOU for 100 MW of solar in Indonesia

First Solar

First Solar Inc. (NASDAQ: FSLR) and PT. Pembangkitan Jawa Bali Services (PJB Services) of Indonesia have signed a memorandum of understanding (MOU) to collaborate on the delivery of 100 MW of utility-scale solar power plants in Indonesia.

The MOU is the first for First Solar in Indonesia and one of several related to the company's strategy of forging strategic alliances in fast-growing, sustainable energy markets worldwide. The MOU also represents the first foray into the development of utility-scale solar photovoltaic power plants for PJB Services, a provider of services for the operation and maintenance of conventional power plants in Indonesia. PJB, a subsidiary of Perusahaan Listrik Negara (PLN), is the parnet company of PJB Services.

The MOU represents an initial step in the collaboration between the two companies toward the development, engineering, procurement, construction, operation and maintenance of an approximately 100 MW pipeline for solar PV power plants, including PV hybrid solutions, using First Solar's advanced thin-film PV modules and related system services and components.

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