First Solar Completes Sale Of 500 MW Desert Sunlight Solar Farm

First Solar Inc. has completed the sale of the 550 MW Desert Sunlight solar farm near Desert Center, Calif.

First Solar – which will continue to build and subsequently operate and maintain the project under separate agreements – has sold the project to affiliates of NextEra Energy Resources LLC, the competitive energy subsidiary of NextEra Energy Inc., and GE Energy Financial Services. Each has acquired 50% of the project.

Construction has already begun on the project, First Solar notes. Full commercial operation is expected by the first quarter of 2015.

The project also received approval of its $1.46 billion loan guarantee from the U.S. Department of Energy.


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