First Solar Inc. and NextLight Renewable Power LLC have entered into a definitive agreement for First Solar to acquire NextLight, a developer of utility-scale solar projects in the southwestern U.S.
The acquisition includes a 1.1 GW solar project pipeline. Of this total, 570 MW are under signed power purchase agreements with western utilities, increasing First Solar's contracted photovoltaic solar project pipeline to 2.2 GW. In addition, 530 MW of PV projects are in various stages of development
NextLight's projects range in size from 30 MW to 290 MW and are largely located on private land.
SOURCE: First Solar