First Solar to Build 250 MW Solar Plant for NextEra Energy
First Solar announced today that it will build a 250 MW solar farm for NextEra Energy in Southern California .
The project is a collaborative effort between both companies, as well as the government. The "McCoy Solar Energy Project" will be primarily located on around 2,300 acres of public land provided by the Bureau of Land Management, and will be built using First Solar's cadmium telluride (CdTe) photovoltaic (PV) thin-film modules .
NextEra and First Solar are also currently partnering (along with General Electric Financial Services and Sumitomo) on the nearby 550 MW Desert Sunlight Solar Farm, allowing the two corporations to capitalize on economies of scale for both construction and operating phases.
Construction is expected to begin in late 2014, and the farm should come online in late 2016. According to Bloomberg, Edison International has agreed to buy up the plant's power under a long-term contract, another step in the utility's struggle to regain capacity lost from its recently retired nuclear facility.
The article First Solar to Build 250 MW Solar Plant for NextEra Energy originally appeared on Fool.com.Fool contributor Justin Loiseau owns shares of General Electric Company and uses electricity. You can follow him on Twitter @TMFJLo and on Motley Fool CAPS @TMFJLo.The Motley Fool owns shares of General Electric Company. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.