First Solar to Supply 100 Megawatts for XSOL Japan Plants

First Solar Inc. (FSLR), the largest U.S. solar-panel manufacturer, agreed to supply 100 megawatts of modules annually to XSOL Co. for projects in Japan, according to a statement today.

The agreement will boost First Solar’s efforts to enter the Japanese market, which may become the world’s largest this year after China, James Evans, a Bloomberg Intelligence analyst in London, said in a note today. Terms weren’t provided.

First Solar, based in Tempe, Arizona, rose 2.3 percent to $66.53 at the close in New York.

To contact the reporter on this story: Christopher Martin in New York at cmartin11@bloomberg.net

To contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net Will Wade, Jim Efstathiou Jr.

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