First Solar Acquires OptiSolar's for $400 Million in an all-stock transaction
This transaction will enable First Solar to expand its business in the U.S. utility solar power market and includes the following:
- A 550 megawatt (MW) AC solar development project under a power purchase agreement with PG&E
- A project pipeline of additional 1,300MW AC which are in negotiation with Western region utilities for solar development projects
- Strategic land rights of approximately 136,000 acres (approximately 210 square miles) with the potential to deploy up to 19 gigawatts (GW) AC of utility-scale solar power projects
this is a very good example to sell power project pipeline to a
combination of regulated utilities, diversified energy companies, and
other independent power producers...thanks to Obama' s renewable energy roadmap.
it s a good way to tackle the issues in renewable energy pipelines.
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