With the Nextlight acquisition, Temple, Arizona-based First Solar now has power-purchase agreements for 2.2GW of utility-scale solar projects in North America.
The all-cash transaction, valued at approximately $297m (£198m), represents another step in First Solar’s expansion in the US utility-scale power market.
This began in 2007 with the acquisition of Turner Renewable Energy and continued with the acquisitions of solar project pipelines from Optisolar in 2009 and Edison Mission Group in 2010.
The first project developed by Nextlight that is expected to be constructed by First Solar is the 290MW Agua Caliente Solar Project in Yuma County, Arizona. On 3 June this year, the California Public Utilities Commission approved the project’s power-purchase agreement with Pacific Gas and Electric.
Nextlight’s team of project developers and other staff have joined First Solar.
Report highlights significant impact of manufacturing on UK economy
Note to Evil Villain/Dave 2020. Thatcher was PM for _11_ years, from 1979 to 1990 so no one under the age of 34 was even born when she left office....