First Solar, PG&E contracts for 72 MW of solar photovoltaic energy

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Tempe, Ariz., September 11, 2012 — First Solar, Inc. signed power purchase agreements with Pacific Gas and Electric Co. (PG&E) for 72 MW of solar electricity to be generated at two photovoltaic power plants that First Solar is developing in central California.

The 32-MW Lost Hills project in Kern County and the 40-MW Cuyama project in Santa Barbara County are expected to create up to 600 jobs at peak construction. Project construction could start in 2013 as soon as the development process is complete, depending on plans of the projects’ eventual owners.

Together, Lost Hills and Cuyama will produce enough clean, renewable energy to power some 24,000 California homes, offsetting about 45,000 metric tons of carbon dioxide annually — the equivalent of taking about 8,900 cars off the road each year.

The power purchase agreements—each with a delivery term beginning in 2019—are subject to approval by the California Public Utilities Commission, whose decision is expected in the first half of 2013.

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