First Solar Inc. has completed the acquisition of a portion of Edison Mission Group's (EMG) solar project development pipeline. The utility-scale solar projects are located in California and the Southwest.
The company says this acquisition complements and diversifies its existing portfolio of utility-scale thin-film photovoltaic solar projects. First Solar's existing projects are largely sited on public land, range to 550 MW in size, and are mostly under contract with utilities. The EMG projects that First Solar is acquiring are sited largely on private land, range from 20 MW to 150 MW, and are not yet contracted with utilities.
SOURCE: First Solar