PA Resources Bhd Renews $321M Supply Deal with First Solar for PV Module Production

PA Resources Bhd has renewed its supply agreement with First Solar Inc., First Solar Malaysia Sdn Bhd, and First Solar Vietnam Manufacturing Co Ltd to supply aluminum extruded profiles for PV module production. The new contract is valued at 1.31 billion ringgit (approximately $321.22 million), with a term of 18 months from July 2026 to December 2027.

According to PA Resources Bhd, this is the fifth supply agreement awarded by First Solar. In a filing with Bursa Malaysia, PA Resources Bhd stated that the contract is expected to improve operational efficiency through optimized production scheduling, material planning, workforce utilization, and logistics coordination. In addition, the company expects the agreement to have a positive impact on its earnings and net assets.