First Solar buys PV project that will supply power to 60,000 homes

First Solar Inc., Tempe, Ariz., has acquired the 150MW Solar Gen 2 power project from an affiliate of The Goldman Sachs Group Inc., Energy Power Partners and a third equity partner for the project. According to a press release announceing the purchase, construction of the facility, located in Imperial County, Calif., near El Centro, is expected to start this year and be completed in 2014.

The photovoltaic solar plant will generate enough electricity to power more than 60,000 average California homes. The electrical output of the project will be purchased by San Diego Gas & Electric Company (SDG&E) under a 25-year power purchase agreement. Details

 

 

TAGS: Green Solar
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish