First Solar Completes Sale of 141 MW Luz del Norte Power Plant to Toesca

Rhea-AI Summary

First Solar has successfully sold the Luz del Norte solar power plant, a 141-MW utility-scale facility located in Copiapó, Chile, to Toesca, an independent asset manager. This transaction, announced during the Q3 2022 earnings call, was finalized in December 2022, although specific financial terms weren't disclosed. First Solar is recognized as a leading solar technology company focused on eco-efficient solar modules aimed at combating climate change, with operations rooted in sustainability from production to recycling.

Positive

• Successful completion of the sale of the 141-MW Luz del Norte solar power plant.
• Transaction strengthens First Solar's asset portfolio and market presence in renewable energy.

Negative

• None.

TEMPE, Ariz., Jan. 12, 2023 (GLOBE NEWSWIRE) -- First Solar, Inc. (Nasdaq: FSLR) has completed the sale of Luz del Norte, a 141-megawatt (MW)_AC utility-scale solar power plant in Copiapó, Chile, to Toesca, an independent asset manager headquartered in Las Condes, Chile.

First Solar previously disclosed that it had signed a sale and purchase agreement for the facility on its Q3 2022 earnings call. The terms of the transaction, which was completed in December, 2022, were not disclosed.

About First Solar, Inc.
First Solar is a leading American solar technology company and global provider of responsibly produced eco-efficient solar modules advancing the fight against climate change. Developed at R&D labs in California and Ohio, the company’s advanced thin film photovoltaic (PV) modules represent the next generation of solar technologies, providing a competitive, high-performance, lower-carbon alternative to conventional crystalline silicon PV panels. From raw material sourcing and manufacturing through end-of-life module recycling, First Solar’s approach to technology embodies sustainability and a responsibility towards people and the planet. For more information, please visit www.firstsolar.com.

Media Reuven Proença First Solar Media reuven.proenca@firstsolar.com

Investors Robyn Remes First Solar Investor Relations investor@firstsolar.com

FAQ

What recent transaction did First Solar announce regarding Luz del Norte?

First Solar announced the sale of the 141-MW Luz del Norte solar power plant in Chile to Toesca, completed in December 2022.

What is the capacity of the Luz del Norte solar plant sold by First Solar?

The Luz del Norte solar power plant has a capacity of 141 megawatts (MW).

When was the sale of Luz del Norte first disclosed by First Solar?

The sale was first disclosed during First Solar's Q3 2022 earnings call.

Who acquired the Luz del Norte solar power plant from First Solar?

The Luz del Norte solar power plant was acquired by Toesca, an independent asset manager based in Chile.