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First Solar Sells Project To NextEra Energy

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First Solar completed the sale of the 250-megawatt (MW) AC Silver State South Solar Project to a subsidiary of NextEra Energy Resources. Terms of the transaction were not disclosed.

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

First Solar developed and designed the Silver State South project, and will provide engineering, procurement and construction (EPC) services to NextEra. All the power from Silver State South will be sold to Southern California Edison under a long-term power purchase agreement.

Pre-construction activity has begun at the site, and the project is expected to be complete in late 2016. At construction peak, the project will create approximately 500 local full-time jobs.

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