First Solar Agrees to Sell Energy to City in California
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First Solar Inc., the largest U.S. solar-panel manufacturer, agreed to sell power to the City of Roseville, California, from the Lost Hills photovoltaic facility that it’s developing in the state.
Construction of the plant may begin next year and the 10-year power-purchase agreement will take effect in 2015, the Tempe, Arizona-based company said today in a statement. Roseville agreed to purchase 325,000 megawatt hours of power for $24 million over 10 years, First Solar said in the statement.