Sunday, September 26, 2010

First Solar gets financing for German project - Phoenix Business Journal:

http://sochi-wg.com/index.php?pn=34
The companies received 80 percent of the monety forthe project, although they declined to give the totakl amount of financing. Utility solar systems cost between $5 and $6 per meaning the total facility could costbetweeh $265 million and $318 The money will come from a consortium of according to First Solarr (Nasdaq:FSLR). The first 15 megawatts are finishedf and another 38 will be built later this It is being constructed on a former Sovietarmy base. The systemk is projected to be the largest photovoltaic systemm in Germanywhen completed, with enough powedr for 14,000 homes. Tempe-based First Solar has been activr in Germanysupplying thin-film photovoltaicx panels for power solar arrays.
The company completed its firsyt utility scale solar project inthe U.S. last year and has been building increasingly larger facilities sincethat 10-megawatt system debuted in It is planning a 30-megawatt facility in New Mexicp and adding on to the Nevada site. As with its other utility-scale construction, First Solar along with Juwi plan to sell the facilithy once itis completed.

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