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First Solar Acquires Solar Gen 2 by Staff Modern Power Systems, April 7, 2013

First Solar has acquired the 150 MW Solar Gen 2 power project in California from an affiliate of Goldman Sachs, Energy Power Partners and a third anonymous equity partner.

The acquisition also includes 40 MW of solar modules, which were previously purchased from another supplier, and will be used on the project.

First Solar will supply the remaining modules required for the power plant and will provide project development, engineering, procurement and construction, and grid integration services.

Construction of the facility is anticipated to commence this year.

The plant should help to displace over 115 000 tonnes of CO2 per year, and save 93 000 tonnes of water.

San Diego Gas & Electric Company (SDG&E) will purchase the plant's output under a 25-year agreement.

Earlier this year, First Solar acquired the 50MW Macho Springs solar project in New Mexico, US, from Element Power Solar.