First Solar Sells 250MW Silver State South Project to Subsidiary of NextEra Energy Resources

First Solar

announced today that it has agreed to sell the 250-megawatt (MW)AC Silver State South Solar Project to a subsidiary of NextEra Energy Resources. The deal is expected to close early in 2014, subject to certain conditions precedent. Terms of the transaction were not disclosed. Silver State South is located on approximately 3,000 acres of public land in Clark County, Nev. The project is adjacent to the 50MWAC Silver State North project, which was developed and built by First Solar and commissioned in 2012. First Solar will continue to develop and permit Silver State South, and provide Engineering, Procurement and Construction (EPC) services