First Solar acquires 50 MW New Mexico solar PV project

First Solar Inc. (Nasdaq: FSLR) acquired the 50 MW Macho Springs solar photovoltaic (PV) power project in New Mexico from Element Power.

The project is expected to be completed in 2014, and it is being touted as the state’s largest solar project. First Solar will construct the Macho springs project using its thin-film PV modules.

El Paso Electric (NYSE: EE) is awaiting approval of a power purchase agreement for the output from the project.

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