One of the largest power companies in the U.S. has this week acquired a controlling interest in a forthcoming 300 MW solar PV project from First Solar.
The Tempe, Arizona-based U.S. thin film solar company will retain a majority stake in the Desert Stateline solar plant, which will be constructed across 1,685 acres in San Bernardino County, California.
Construction began last October using 3.2 million First Solar thin film modules, and once completed (penciled in for Q3 2016) the electricity and associated renewable energy credits generated at the site will be purchased by Southern California Edison under the terms of a 20-year power purchase agreement (PPA).
This is the fourth time that Southern Company and First Solar have come together on a PV project, with the former now in control of more than 1.4 GW of clean power either in operation or under development in the U.S.
According to First Solar CEO Jim Hughes, the two companies are "actively discussing ways to continue and broaden the relationship".