First solar strengthens global technology position in pv with acquisition of evolar, a leading european thin film company

Tempe, ariz.--(business wire)-- #americansolar--first solar, inc. (nasdaq: fslr) today announced that it has further strengthened its global leadership in thin film photovoltaics (pv) by acquiring evolar ab, a european leader in perovskite technology. the purchase price is approximately $38 million paid at closing and up to an additional $42 million to be paid subject to certain technical milestones being achieved in the future. the impact to 2023 operating expenses is expected to be approximately $2-4 million,.
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