First Solar, Inc. (NASDAQ: FSLR) has been selected as the turnkey Engineering, Procurement and Construction (EPC) contractor for two projects under development by EDF Renewable Energy in California.
First Solar and EDF Renewable Energy have signed EPC agreements for the 19.76 Megawatt (MW) AC CID Solar Project, located in Kings County; and the 23MWAC Cottonwood Solar Project, consisting of two sites, one located in Kings County and the other in Kern County. The CID Solar Project has a Power Purchase Agreement (PPA) with Pacific Gas and Electric Company. The Cottonwood project has a PPA with Marin Clean Energy.
"We are proud to be selected by EDF Renewable Energy as a builder of choice," said Christopher Houghton, First Solar's Senior Manager of US Business Development. "With these projects, First Solar continues to bring value to customers counting on our proven experience and reliability in providing cost-effective energy solutions."
Both CID Solar and Cottonwood projects will be built with First Solar's Series 3 Black Plus PV thin-film solar modules, and will provide enhanced grid reliability and stability using the company's advanced PV plant controls. Construction on the projects is expected to begin in the second quarter of 2014, with CID Solar anticipated completion in October 2014 and Cottonwood anticipated completion in the first quarter of 2015.