Market Overview

First Solar Acquires Solar Chile


First Solar (NASDAQ: FSLR) and Fundación Chile today announced
that First Solar has acquired Solar Chile, a Santiago-based solar
development company in which Fundación Chile was an early investor. This
culminates a strategic working alliance the two companies formed in Oct.
2011. Solar Chile has a portfolio of early- to mid-stage utility-scale
photovoltaic (PV) power projects totaling about 1.5 gigawatts (GW) in
Regions I, II, III, and XV in northern Chile, including the Atacama
Desert region, which offers the highest solar irradiance in the world.

“We have been very impressed by the quality of the Solar Chile team and
the projects they are developing, and we believe that together we will
bring even more value to the

See full press release

Posted-In: News Guidance Management M&A Global


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