First Solar Pens A 15-year, Captive Power Purchase Agreement With Cleantech Solar In India And Southeast Asia
Portfolio Pulse from Benzinga Newsdesk
First Solar, Inc. has signed a 15-year Power Purchase Agreement (PPA) with Cleantech Solar, a leading provider of renewable energy solutions in India and Southeast Asia. This agreement will enable First Solar to supply solar power to Cleantech Solar's customers in the region, reinforcing First Solar's presence and commitment to the renewable energy market in Asia.
January 04, 2024 | 11:04 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
First Solar's 15-year PPA with Cleantech Solar is expected to provide stable revenue streams and strengthen its position in the renewable energy markets of India and Southeast Asia.
The 15-year PPA with Cleantech Solar is a significant development for First Solar as it ensures a long-term revenue source and enhances the company's footprint in the rapidly growing renewable energy markets of India and Southeast Asia. This strategic move is likely to be viewed positively by investors, potentially leading to an increase in stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90