First Solar, China Power Sign New Agreement

First Solar Inc. and China Power International New Energy Holding Ltd., a wholly owned subsidiary of China Power New Energy Development Co. Ltd., have signed a strategic cooperation framework agreement to collaborate on solar photovoltaic projects in China, the U.S. and other international markets.

Under the terms of the agreement, First Solar and China Power will initially explore collaboration on solar PV projects in China and identify project investment opportunities for China Power in the U.S. and other global solar markets.

The companies state that they will leverage China Power's role as a renewable energy developer in China, including China Power's planned 2 GW of solar in China by 2020, and First Solar's experience as a global solar PV technology company, including its 2.4 GW pipeline in North America.

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