PRTODAY / NewswireToday Free press release distribution service network

More news: Energy
Written by / Agency / Source: BELECTRIC Solarkraftwerke GmbH

Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

First Solar Strengthens Partnership with Belectric - Announces Joint Venture - Solar industry leaders launch JV to fulfill projects in Europe, North Africa and U.S [Nasdaq: FSLR] - /
First Solar Strengthens Partnership with Belectric - Announces Joint Venture


NewswireToday - /newswire/ - Mainz, Germany, 2013/09/09 - Solar industry leaders launch JV to fulfill projects in Europe, North Africa and U.S [Nasdaq: FSLR] - /

Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


First Solar, Inc. and BELECTRIC Holding, GmbH today announced the launch of 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 photovoltaic (PV) power projects independently acquired or developed by either of the two companies in Europe, North Africa, as well as projects of fewer than 20 megawatts (MW), 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, selected components such as the First Solar Tracker and value-added services; 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. The JV’s emphasis on the sub-20MW segment in the United States will include BELECTRIC’s existing 280MWp pipeline in the country, along with other opportunities. The non-exclusive agreement will also allow both companies to independently and competitively pursue development prospects and corresponding EPC work.

The announcement is the latest milestone in a longstanding partnership that spans over a decade: the two companies recently marked the inauguration of the 128MWp Templin solar power plant in Germany, the largest deployment of First Solar modules in Europe. An estimated 80% of the 1,400 MWp of solar electricity generation capacity installed by BELECTRIC, is powered by First Solar modules.

“With its industry-leading capabilities, this joint venture will ensure that our individual project obligations are delivered to the highest standards,” said Jim Hughes, First Solar’s Chief Executive Officer. “First Solar and BELECTRIC share a long history of excellence and we are confident about the future of this initiative, which is based on a firm foundation of mutual trust, expertise and a track record that is unrivalled in the solar energy industry.”

As a vertically integrated solar energy company, First Solar has been leading the charge towards affordable, reliable and accessible solar electricity on a global scale. Today, the company is the world’s leading provider of comprehensive photovoltaic (PV) energy solutions, with a pipeline of over 3 Gigawatts (GW) of contracted solar power plants and over 7GW installed worldwide. A global market leader, First Solar’s commercial footprint spans six continents, with manufacturing facilities in the US and Malaysia.

“We are happy to celebrate this important new milestone in our long-term partnership with First Solar,” said Bernhard Beck, Chief Executive Officer of BELECTRIC Holding. “By joining forces to create a world-class project delivery platform, we hope to strengthen both companies’ relationships with key stakeholders including project developers and investors at a time when prices of electricity from solar power plants can already compete with the prices for conventionally generated electricity in a growing number of regions.”

BELECTRIC is a technology leader in the development and construction of utility-scale ground-mounted solar power plants and roof-mounted photovoltaic systems. With a presence in more than 20 countries and a global pipeline of 5GWp in different stages of development, the company’s high degree of vertical integration in its development and manufacturing processes has led to it being recognized as an industry leader.

BELECTRIC ( is one of the world’s most successful companies in the development and construction of ground-mounted solar power plants and photovoltaic roof systems. As an international company, BELECTRIC is represented in more than 20 countries. Its position as a world leader in technology is the result of a high degree of vertical integration in the development and manufacturing processes. A belief in the compatibility of economic and ecological interests has always been the basis for the sustainable success of our 1,750 employees. More than 100 active patents are a testament to BELECTRIC’s innovative spirit. In addition to solar power generation, BELECTRIC Drive® concentrates on the combination of photovoltaics and electromobility. Visit for further information.

About First Solar, Inc.
First Solar ( is a leading global provider of comprehensive photovoltaic (PV) solar systems which use its advanced thin-film modules. The company’s integrated power plant solutions deliver an economically attractive alternative to fossil-fuel electricity generation today. From raw material sourcing through end-of-life module recycling, First Solar’s renewable energy systems protect and enhance the environment. For more information about First Solar, please visit

For First Solar Investors: This release contains forward-looking statements which are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements, among other things, concerning: our business strategy, including anticipated trends and developments in and management plans for our business and the markets in which we operate; future financial results, operating results, revenues, gross margin, operating expenses, products, projected costs, warranties, solar module efficiency and balance of systems (“BoS”) cost reduction roadmaps, restructuring, product reliability and capital expenditures; our ability to continue to reduce the cost per watt of our solar modules; our ability to reduce the costs to construct photovoltaic (“PV”) solar power systems; research and development programs and our ability to improve the conversion efficiency of our solar modules; sales and marketing initiatives; and competition. These forward-looking statements are often characterized by the use of words such as “estimate,” “expect,” “anticipate,” “project,” “plan,” “intend,” “believe,” “forecast,” “foresee,” “likely,” “may,” “should,” “goal,” “target,” “might,” “will,” “could,” “predict,” “continue” and the negative or plural of these words and other comparable terminology. Forward-looking statements are only predictions based on our current expectations and our projections about future events. You should not place undue reliance on these forward-looking statements. We undertake no obligation to update any of these forward-looking statements for any reason. These forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause our actual results, levels of activity, performance, or achievements to differ materially from those expressed or implied by these statements. These factors include, but are not limited to, the matters discussed in Item 1A: “Risk Factors,” of our Annual Report on Form 10-K for the year ended December 31, 2012, as updated and supplemented by risk factors included in our Prospectus dated June 12, 2013 filed with the SEC pursuant to Rule 424(b)(5) (the “Prospectus”), Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other reports filed with the SEC.

Contact: First Solar Global Communications
Steve Krum - Media
P: +1 602-427-3359 - E: Stephen.Krum[.]

Reuven Proença - First Solar EMEA Communications
P: +971(0)50 4367 158 - E: reuven.proenca[.]

Investors: David Brady
P: +1 602-414-9315 - E: dbrady[.]

Ryan Ferguson
P: +1 602-414-9315 - E: rferguson[.]

Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


Written by / Agency / Source: BELECTRIC Solarkraftwerke GmbH


Availability: All Regions (Including Int'l)


Traffic Booster: [/] Quick Newswire Today Visibility Checker


Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

# # #
  Your Banner Ad showing on ALL
Energy articles,
CATCH Visitors via Your Competitors Announcements!

First Solar Strengthens Partnership with Belectric - Announces Joint Venture

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

BELECTRIC | First Solar, Inc.
Publisher Contact: Florian Dittert - 
+49(0)9385 9804 x5706 florian.dittert[.]
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any BELECTRIC Solarkraftwerke GmbH securities in any jurisdiction including any other companies listed or named in this release.

Energy via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Read Latest Articles From BELECTRIC Solarkraftwerke GmbH / Company Profile

Read Energy Most Recent Related Newswires:

GE Expands Uninterruptible Power Supply Portfolio with New Flywheel UPS Solution
GE Leverages its Local Expertise to Provide Proven Solutions to Leading Wind Turbine OEM XEMC Windpower in China
ENGIE Signs A First Memorandum of Understanding with CMA CGM
Thassalia - Inauguration of France's First Marine Geothermal Power Station
SKF and GE Oil & Gas Sign Collaboration Agreement to Develop Use of Active Magnetic Bearing Applications
Enel Starts Construction of New 300 MW Wind Project in the United States
GE Renewable Energy to Supply New Generators to Mottec Hydropower Plant in Switzerland
Spirit AeroSystems Selects GE to Accelerate its Digital Transformation
ENGIE Acquires SIRADEL - The Leading High-tech Player in 3D Modelling and A Supplier of Innovative Urban Solutions
NEC Energy Solutions to Supply Sterling, MA with the Largest Battery Grid Energy Storage Installation in New England
GE Plans to Capture More Wind with $1.65B Acquisition of LM Wind Power - A Global Designer and Manufacturer of Wind Turbine Blades
Metso Recognized by Freeport-McMoRan as Long-term Strategic Partner
ABB Energizes Transformer At World Record Voltage Level of 1.2 Million Volts
Voith to Modernize Generators for Second Largest Pumped Storage Power Plant in South Africa
GE Launches ElfaPlus* Miniature Circuit Breakers with UL Rating

Boost Your Social Network
& Crowdfunding Campaigns

NewswireToday Celebrates 10 Years in Business


Visit  MagLar, Inc.

Visit  Intrinsic Executive Search Ltd

  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (