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Money & Company

First Solar sells Riverside County facility to NRG Energy

By Tiffany Hsu
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Photovoltaics producer First Solar Inc. sold a 21-megawatt Riverside County solar facility to leading power company NRG Energy Inc. for an undisclosed amount, the company said today.

First Solar, based in Tempe, Ariz., is building the project in Blythe and has worked out a 20-year power purchase agreement to sell the electricity to Southern California Edison. The plant is expected to generate more than 45,000 megawatt-hours per year, offsetting more than 12,000 tons of carbon dioxide emissions in that period.

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Construction, which began in September and should be completed by the end of the year, created 175 jobs, according to the company. First Solar will operate and maintain the facility under the agreement with NRG, which is based in Princeton, N.J.

-- Tiffany Hsu

Money & Company
Tiffany Hsu

Tiffany Hsu is a former staff writer for the Los Angeles Times. Previously, she wrote about the California economy, fast food, restaurants, retail and alternative energy for the Business section. A Bay Area native, UC Berkeley graduate and eternal Nor-Cal fan, she once worked for the San Francisco Bay Guardian. She also did a stint at the Richmond Times-Dispatch, where she developed a passion for sweet tea. She still has faith that someday she’ll find two economists who agree.

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