First Solar Inc. has sold the 139 MW Campo Verde solar project, located in Imperial County, Calif., to Southern Co. subsidiary Southern Power and Turner Renewable Energy.
Under the terms of the agreement, First Solar will complete construction of the project and will operate and maintain the power plant for 10 years. Construction of the Campo Verde project began in December 2012, and commercial operation is expected this fall. San Diego Gas & Electric Co. will buy the project's output under a 20-year power purchase agreement.
Campo Verde is the second project First Solar has designed and constructed for Southern Power and Turner Renewable Energy. In 2010, First Solar sold the 30 MW Cimarron I solar project, adjacent to Ted Turner's Vermejo Park Ranch in northern New Mexico, to the partnership.
