First Solar to build solar PV projects in Australia

First Solar (NASDAQ: FSLR) announced it will design, construct and maintain two utility-scale solar photovoltaic (PV) power projects totaling 159 MW alternate current for AGL Energy Limited as part of Australia's Solar Flagships Program.

AGL will develop a 106 MW project in Nyngan and a 53 MW project in Broken Hill. First Solar will design and construct the integrated PV plants and will maintain botn projects for the first five years of commercial operation. AGL Hydro Partnership will purchase the output under long-term power purchase agreements.

The projects will be supported with funding provided by the federal government and the state government of New South Wales under separate funding agreements.

Construction is expected to begin on both projects in 2014, with commercial operation in 2015.

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