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    Monday, November 23, 2009

    First Solar Sells Solar Plant For Undisclosed Sum

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    By Steve Gelsi
    MarketWatch Pulse
       

      NEW YORK -- First Solar Inc. said Monday it's selling a 21 megawatt solar energy project it's building in Blythe, Calif. to NRG Energy Inc. for an undisclosed sum. Located about 200 miles east of Los Angeles, the Blythe project is California's first and largest utility-scale photovoltaic solar generation facility, and among the largest in North America. Construction began in September and is expected to be completed the end of the year. Electricity from the plant will be sold to Southern California Edison under a 20-year power purchase agreement.

      Copyright © 2009 MarketWatch, Inc.

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