First Solar Signs Contract with PG&E for 300 MW Photovoltaic Solar Power Project

First Solar Signs Contract with PG&E for 300 MW Photovoltaic Solar Power Project - MarketWatch: "TEMPE, Ariz., Mar 09, 2010 (BUSINESS WIRE) -- First Solar, Inc. /quotes/comstock/15*!fslr (FSLR 106.22, -2.42, -2.23%) today announced a power purchase agreement to supply Pacific Gas and Electric Company with renewable electricity from a 300 megawatt (AC) utility-scale photovoltaic solar power facility that First Solar is developing in Southern California.
The Desert Sunlight project, to be located near Desert Center in eastern Riverside County, Calif., will have a total capacity of 550 megawatts, enough to power approximately 160,000 area homes -- or about 480,000 residents. The other 250 MW portion of the project is already under contract to Southern California Edison. First Solar's power purchase agreements with PG&E and SCE are subject to the approval of the California Public Utilities Commission."