First Solar Selling 250 MW Silver State South Project To NextEra Energy


First Solar Inc. has agreed to sell the 250 MW Silver State South Solar Project to a subsidiary of NextEra Energy Resources. The deal is expected to close in early 2014, subject to certain terms and conditions.

Silver State South is located on approximately 3,000 acres of public land in Clark County, Nev. The project is adjacent to the 50 MW Silver State North project, which was developed and built by First Solar and commissioned in 2012.

First Solar will continue to develop and permit Silver State South, and provide engineering, procurement and construction services for the project. Construction is expected to begin once final regulatory and permitting approvals have been received, and be completed in late 2016.

Silver State South will use First Solar's thin-film photovoltaic modules installed on the company's single-axis tracker mounting system. All the power from Silver State South will be sold to Southern California Edison under a long-term power purchase agreement.

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