Bloomberg News

First Solar Buys New Mexico Project From Element Power

January 31, 2013

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.

To contact the reporter on this story: Christopher Martin in New York at

To contact the editor responsible for this story: Reed Landberg at

The Good Business Issue

Companies Mentioned

  • FSLR
    (First Solar Inc)
    • $44.34 USD
    • 0.67
    • 1.51%
  • EE
    (El Paso Electric Co)
    • $40.85 USD
    • 0.56
    • 1.37%
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