First Solar Acquires 50 MWAC Macho Springs Project from Element Power Solar

First Solar of Tempe, Arizona USA, reports that it has acquired the
50-megawattAC (MW) Macho Springs Solar project that Element Power
Solar developed in Luna County, New Mexico USA. When complete, it
will be the state’s largest solar power project. The photovoltaic
(PV) solar project is expected to be completed in 2014, providing up
to 400 construction jobs, and producing enough clean, renewable
energy to power over 18,000 homes. Terms of the transaction were not
disclosed. First Solar will construct the Macho Springs facility
using its cadmium telluride thin-film PV modules.

The Macho Springs Solar project is located on land leased from the
New Mexico State Land Office, and electricity from the facility will
be purchased by El Paso Electric under a power purchase agreement
that is subject to regulatory approvals, expected in the first half
of 2013.

“We’re very excited to continue our work in New Mexico,
increasing the state’s utility-scale solar generation capacity,”

said Dana Diller, First Solar vice president of U.S. business