Solar power plant to be built by First Solar

NRG Energy Inc. (NYSE: NRG) and First Solar Inc. (NASDAQ: FSLR) said they have agreed for First Solar to construct NRG's 26 MW Avra Valley solar project near Tucson, Ariz. Electricity from the Avra Valley solar project will be sold to Tucson Electric Power under a 20-year power purchase agreement.

The project will utilize First Solar's thin-film photovoltaic technology, mounted on the company's single-axis tracker system, which rotates the solar modules to follow the sun throughout the day.

Construction on the project is expected to begin in March and First Solar expects to complete Avra Valley by the end of 2012.

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