First Solar (FSLR) Completes NextLight Acquisition

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09:57:16 pm on July 12, 2010

First Solar (FSLR) announced after the bell that it has completed the acquisition of NextLight Renewable Power providing First Solar with utility scale solar operations of 2.2GW under power purchase agreements.  The company began moving into the utility scale business in 2007 with the acquisition of Turner Renewable Energy and later with the purchase of OptiSolar and Edison Mission Group.

The first project for NextLight as a First Solar company is the 290MW Caliente Solar Project in Yuma, Arizona with construction beginning sometime this year.

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