First Solar Completes Acquisition Of OptiSolar's PV Project Pipeline

SOLAR DAILY

by Staff Writers
Tempe AZ (SPX) Apr 08, 2009
First Solar has announced that it has completed its acquisition of OptiSolar's photovoltaic project pipeline.

First Solar expects to construct the solar power plants developed under the pipeline over the next several years and sell them to a combination of regulated utilities, diversified energy companies and other independent power producers.

In addition, the core development team responsible for assembling and executing on the solar project pipeline has joined the First Solar development team.

First Solar acquired all of OptiSolar's project development business in an all-stock transaction valued at approximately $400 million.

As a result, First Solar will issue approximately 3 million shares of common stock representing a dilution of about 3.5 percent.

This is less than the approximate 5 percent dilution expected when the acquisition was announced, due to recent appreciation in the price of shares of the Company's common stock.

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SOLAR DAILY

enXco Dedicates 1.8MW Solar Project At Hall's Warehouse

Escondido CA (SPX) Apr 08, 2009
enXco officially dedicated the Hall's Warehouse Solar Project marking the completion of development and construction of the 1.8 MW (DC) solar installation. The installation brings the total solar energy generation at Hall's to 3.2 MW (DC) making it New Jersey's largest private commercial roof-top solar system.

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