Despite more carnage in the overall market today, shares of First Solar (FSLR) managed to find its way into the green column, aided by news that Interior Secretary Ken Salazar approved the 550MW Desert Sunlight solar farm which would be the largest solar plant ever constructed on public land. First Solar said the approval is a major milestone and clears the way for construction to begin this month just east of Palm Springs. The plant … Read the rest
Tag Archives: desert sunlight
First Solar (FSLR) Sells Rest Of Desert Sunlight Solar Energy To PGE
Helping to ease the sting of a JP Morgan (JPM) downgrade, First Solar (FSLR) has found a buyer for 300MW of solar energy that will be produced from a plant its manufacturing in SoCo. Pacific Gas & Electric will purchase 300MW of the 550MW expected output of the Desert Sunlight project with Southern California Edison purchasing the rest. Both power purchase agreements are still subject to approval by the California Public Utilities Commission, but … Read the rest