Relationship to Focus on Delivery of Photovoltaic Projects in Indonesia
First Solar, Inc.(NASDAQ: FSLR) and PT. Pembangkitan Jawa Bali Services (PJB Services) of Indonesia signed a memorandum of understanding (MOU) to collaborate on the delivery of 100 megawatts (MW) of utility-scale solar power plants in Indonesia in order to address the growing energy demand in the country.
"Indonesia has an increasingly urgent need for reliable, cost-effective energy resources. The agreement with PJB Services facilitates an ideal collaboration to provide Indonesia with the needed solution," said Won Park, First Solar's Senior Manager of Business Development and Sales in Southeast Asia. "This MOU underscores First Solar's belief that the Indonesian market has great potential as a sustainable market where solar power can be a meaningful part of the energy mix."
The MOU is the first for First Solar in Indonesia and one of several related to the company's strategy of forging strategic alliances in fast-growing, sustainable energy markets worldwide. The MOU also represents the first foray into the development of utility-scale solar photovoltaic power plants for PJB Services, a leading provider of services for the operation and maintenance of conventional power plants in Indonesia, whose parent company is PJB, a subsidiary of Perusahaan Listrik Negara (PLN).
The MOU represents an initial step in the collaboration between the two companies toward the development, engineering, procurement, construction, operation and maintenance of an approximately 100 MW pipeline for solar PV power plants, including PV hybrid solutions, using First Solar's advanced thin-film PV modules and related system services and components.
"We are excited by the opportunity to collaborate with a world leader in solar energy for the development of utility-scale PV power plants in Indonesia," said Bernadus Sudarmanta, President of PJB Services. "Solar PV electricity can help Indonesia meet its fast-growing power needs while reducing its dependence on fossil fuels."
