First Solar Snags Rooftop-Ready Technology in TetraSun Deal
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First Solar Inc., the solar manufacturer that gets almost two-thirds of its revenue from building and selling large power plants to utilities, is acquiring a company developing technology for rooftops.
The company agreed to buy TetraSun, a startup developing high-efficiency solar panels for small rooftop systems, according to a statement today. First Solar plans to produce and market TetraSun products in Japan, Chief Executive Officer Jim Hughes said at an analyst meeting. Terms weren’t disclosed.