First Solar Inc. (FSLR:US), the biggest maker of thin-film solar products, bought the 50-megawatt Macho Springs project in New Mexico from Element Power Solar for an undisclosed amount.
The Luna County project will be completed next year, the Tempe, Arizona-based company said today in a statement. El Paso Electric Co. (EE:US) plans to buy the output from the solar energy field under a long-term contract that still needs state regulatory approval.
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