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 … Read the rest

First Solar (FSLR) will form a new utility systems business group to address the large-scale photovoltaic (PV) system solutions market which will be headed by current CFO Jens Meyerhoff.  Following its NextLight acquisition which is expected to close this quarter, the company sees big potential in the utility scale business and will have 2.2GW in power purchase agreements under its belt from the deal.  The company will look for a replacement CFO as soon as … Read the rest