First Solar completes sale of 250 MW Silver State South
Tempe, USA - First Solar, Inc. announced that it has completed the sale of the 250-megawatt (MW)AC Silver State South Solar Project to a subsidiary of Nextera Energy Resources. Terms of the transaction were not disclosed.
"Silver State South demonstrates the deep value First Solar provides through our vertically integrated capabilities," said Tim Rebhorn, First Solar's Senior Vice President of Business Development for the Americas. "We have an unmatched ability to offer industry-leading module technology, best-in-class design and construction that includes single-axis tracker and proven balance of system components."
"We are pleased to have completed the acquisition of the Silver State South solar project," said NextEra Energy Resources Senior Vice President of Development Mike O'Sullivan. "This is another important milestone as we continue to build our solar business, and we look forward to working with the First Solar team to make this project a reality."
Pre-construction activity has begun at the site, and the project is expected to be complete in late 2016. At construction peak, the project will create approximately 500 local full-time jobs.
Source: IWR Online, 27 May 2014