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Article: First Solar to Sell Solar Plant - Analyst Blog
- Article from:
- Zacks Investment Research - Analyst Blog
- Article date:
- October 5, 2009
- Author:
CopyrightCopyright 2009 Zacks Investment Research. (Hide copyright information)
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First Solar to Sell Solar Plant - Analyst Blog
First Solar Inc.
(
FSLR
) has recently entered into an agreement with
Enbridge Inc.
(
ENB
). As per the agreement, Enbridge will acquire First Solar’s 20MW solar energy project under construction near Sarnia, Ontario.
The Sarnia solar energy project is expected to be completed by the end of fiscal 2009. The project is touted as the largest photovoltaic solar energy facility in Canada and one of the largest in North America. At 20MW, Enbridge expects the project to generate enough power to meet the needs of about 3,200 homes and help to save the equivalent of approximately 6,600 tons of CO2 annually.
First Solar will ...