First Solar reports $1 billion in contracts


First Solar Inc., with key research and manufacturing operations in Perrysburg Township, said yesterday it gained $1 billion in new contracts and will start work on a fourth plant in Malaysia.

The contracts, running through 2012, are with Ecostream Switzerland GmbH and Babcock & Brown. The additional business will boost the firm s production by 557 megawatts.

The new plant, which will have four production lines, will join three other manufacturing facilities under development in Malaysia. The firm s sole U.S. factory is in Perrysburg Township. The company shares rose $1.54 to $148.10 in trading on the Nasdaq market yesterday.