First Solar signs 25-year power purchase agreement with Tri-State Generation and Transmission Association for PV solar power
24th March 2009
First Solar, a US photovoltaic solar company, has signed a 25-year power purchase agreement with Tri-State Generation and Transmission Association, an electric power supplier in Colorado, Nebraska, New Mexico and Wyoming.
John Carrington, first solar executive vice president, said, ‘This photovoltaic power plant is another demonstration of our ability to provide affordable, utility-scale solar solutions. In addition to being cost-effective, the plant will create 120 to 140 construction jobs, significantly reduce greenhouse gas emissions and provide enough power to serve the equivalent of approximately 9,000 homes.’
The terms of the agreement commit First Solar to engineer, procure and construct a 30MW photovoltaic power plant in New Mexico, expected to be completed by the close of 2010.
‘Our partnership with First Solar further diversifies our resource mix and brings value to our member cooperatives across our four-state service territory,’ said Ken Anderson, Tri-State executive vice president. ‘This project in New Mexico demonstrates how electric cooperatives can effectively bring utility-scale solar projects to the rural areas they serve.’
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