PAG completed the acquisition of the project development and operations platforms in Japan from First Solar.

PAG, an Asia-focused Alternative Investment firm, completed the acquisition of the project development and operations platforms in Japan from First Solar, a firm that designs and manufactures solar photovoltaic panels, modules, and systems. Financial terms were not disclosed. The project development platform being acquired is one of Japan’s largest solar pipelines and includes 293 MWDC of projects under construction and expected to commence operations in the next two years, as well as additional assets in development. “We are incredibly excited to join PAG who, like us, sees tremendous opportunity for renewables to address the need for energy independence and the transition to carbon neutrality in Japan and beyond,” James Buford, First Solar CEO Japan.