First Solar to build 139 MW solar project in California

SOLAR SALT

First Solar to build 139 MW solar project in California

Greentech Lead America: First Solar, a provider of
photovoltaic (PV) solar systems, will develop a 139 MW Campo Verde Solar
Project in California.

First Solar will utilize its thin film PV modules for the
Campo Verde solar project. The company claims its modules generate clean,
renewable energy with no emissions, waste or water consumption during
operation.

The project construction is scheduled to begin by the
third quarter of 2012 and be completed in 2013. The project will create about
250 jobs during the construction. The project is expected to generate enough
electricity to power approximately 50,000 average California homes, offsetting
80,000 metric tons of CO2 per year, the equivalent of taking 15,000 cars off
the road.

The power generated by the project will be sold to San
Diego Gas & Electric Company (SDG&E) under a 20-year power purchase
agreement, which was approved by the California Public Utilities Commission.

“First Solar is very pleased to be working with SDG&E
for the first time to deliver clean, renewable energy and create hundreds of
construction jobs in Imperial County,” said Brian Kunz, First Solar Vice
President of Project Development, North America.

The Campo Verde project is jointly owned by First Solar
and US Solar Holdings LLC, but First Solar has contractual rights to acquire
100 percent ownership interest and is in the process of completing its
acquisition.

[email protected]