First Solar (FSLR) has acquired the 60 MW North Star solar project that NorthLight Power has developed in Fresno County, Calif. NorthLight is a joint venture of Renewable Energy Corp. ASA and Summit Power Group. Terms of the transaction were not disclosed.
The photovoltaic (PV) solar plant is expected to start construction in 2014 and be completed in 2015, providing up to 410 construction jobs.
When fully operational, it will produce enough renewable energy to power over 21,000 average California homes while displacing about 33,000 metric tons of water consumption and 39,000 metric tons of carbon dioxide per year — the equivalent of taking about 7,500 cars off the road each year.
The North Star project is located near the city of Mendota and has a 20-year power purchase agreement with Pacific Gas and Electric Co. (PG&E).