First Solar Acquires Turner Renewable Energy

First Solar Inc. has acquired Turner Renewable Energy LLC, which has operated under the name DT Solar, a Turner Renewable Energy Company, for a purchase price of approximately $34.3 million. The company will operate as a wholly owned subsidiary of First Solar Inc. under the name First Solar Electric LLC.

DT Solar has designed and deployed commercial solar projects for utilities and Fortune 500 companies in the U.S. since 2004. The acquisition brings to First Solar a team of people experienced in the development of independent power projects, marketing of energy and operation of commercial power plants in the U.S.

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