First Solar and BELECTRIC Holding, GmbH launched a joint venture (JV) that will realize solar energy projects on three continents. The JV - PV Projects GmbH & Co. KG - is based in Germany and will be tasked with developing selected PV power projects independently acquired or developed by either of the two companies in Europe, North Africa, as well as projects of fewer than 20MW, in the United States. Under the terms of the JV - which is subject to approval from the relevant governmental merger control authorities - First Solar will supply its advanced thin-film modules and selected components while BELECTRIC will provide its advanced balance of systems (BoS) and a range of service capabilities. Both companies’ engineering, procurement and construction (EPC) contributions will vary by project and geography.
