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First Solar Inc to Acquire TetraSun


Tuesday, 9 Apr 2013 03:10pm EDT 

First Solar Inc announced it is acquiring TetraSun, a solar photovoltaic (PV) technology startup which has developed a break-through cell architecture capable of conversion efficiencies exceeding 21% with commercial-scale manufacturing costs comparable to conventional multicrystalline silicon solar cells. First Solar signed a definitive agreement to acquire TetraSun from JX Nippon Oil & Energy Corporation and other investors, including TetraSun management. Terms of the transaction, which is expected to close in the second quarter of 2013, were not disclosed. First Solar and JX Nippon Oil & Energy also have entered into discussions on an agreement to distribute the technology in Japan. First Solar announced it is acquiring TetraSun, which has developed a break-through cell architecture capable of conversion efficiencies exceeding 21% with commercial-scale manufacturing costs comparable to conventional multicrystalline silicon solar cells. All fourteen of TetraSun`s associates will join First Solar and continue to be based in San Jose, Calif. 

Company Quote

43.67
-0.39 -0.89%
24 Dec 2014