First Solar Sells Largest Photovoltaic Power Plant In California
alarmClock Nov 23 09In a move that will generate more cash for the company, First Solar (FSLR:NASDAQ) announced today the sale of their 21MW photovoltaic solar project in Blythe, California to NRG Energy (NRG:NYSE). Terms of the deal were disclosed. Located about 200 miles east of Los Angeles, the Blythe Solar Project will be NRG Energy’s first working solar energy generation facility when the plant goes online later this year. The electricity will be sold to Southern California Edison, a division of Edison International (EIX:NYSE). At peak capacity, the largest photovoltaic power plant in California will provide enough electricity to meet the needs of 17,000 homes. Full story...
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