First Solar to sell two platforms to PAG Real Assets in Japan

First Solar, Inc. and PAG Real Assets have signed an agreement for PAG to acquire First Solar´s 293 MWDC utility-scale solar project development platform and solar operations and maintenance (O&M) platform with approximately 665 MWDC under management in Japan. 

The transaction is expected to close in the 2nd quarter of 2022 for the project development platform and the second half of 2022 for the O&M platform after obtaining regulatory approvals, the receipt of third-party consent, and satisfying other customary closing conditions. The terms of the deal were not disclosed.