First Solar Inc. (FSLR) bought the 150- megawatt Solar Gen 2 project in California from an affiliate of Goldman Sachs Group Inc. (GS), Energy Power Partners and a third unnamed partner. Terms of the deal weren’t disclosed.
Construction is expected to start this year and the project will be done in 2014, Tempe, Arizona-based First Solar said in a statement today. Sempra Energy (SRE)’s San Diego Gas & Electric utility will buy power from Solar Gen 2 under a 25-year agreement.
First Solar said 40 megawatts of solar modules from another supplier were already purchased and will be used on the project. First Solar will supply the rest.
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