First Solar to acquire Evolar for $80m.

First Solar, a manufacturer of solar panels, and a provider of utility-scale PV power plants and supporting services, agreed to acquire Evolar, a perovskite technology company, for $80m. “With this acquisition, along with our new innovation center in the United States and longstanding commitment to R&D, we are investing not just in First Solar’s future, but the future of solar energy. We anticipate that high efficiency tandem PV modules will define the future, speeding up decarbonization by allowing us to convert sunlight into clean electricity more efficiently. This acquisition supplements our existing R&D streams with expertise in thin film semiconductors that complement CadTel. We expect that it will accelerate our efforts to develop tandem technology that continues our commitment to ultra-low carbon, responsibly produced solar,”Mark Widmar, First Solar CEO.