World's largest solar farm coming to California
Analysts predict First Solar will win the rights to supply NextEra Energy Inc. with solar arrays for what will be the world’s largest solar farm, according to Consumer Energy Report.
While the contract hasn’t been finalized, analysts are predicting that First Solar will win the rights to supply NextEra Energy Inc. with solar arrays for what will be the world’s largest solar farm. The two companies are currently working together on the 550-megawatt Desert Sunlight solar farm in Riverwide County, California.Skip to next paragraph
Eager to change subject, Obama touts healthy energy progress
Can Brazil and Iraq sustain world's growing thirst for oil?
Tesla CEO says no recall necessary after Model S fires
For US motorists, it's Christmas in November. Gas prices hit 33-month low.
US to be No. 1 oil producer, but it won't last
Subscribe Today to the Monitor
NextEra’s Blythe project, based in southern California, will soon surpass the capacity of Arizona’s Agua Caliente solar farm, a huge facility built exclusively by First Solar that is currently 85 percent complete with 250 megawatts of capacity. Despite the fact that there has been no official word as to who NextEra will choose to build and supply the new project, First Solar is reportedly the only manufacturer of thin-film panels large enough to handle the job, according to analysts interviewed by Bloomberg News; the Blythe project will have a final capacity of 1,000 megawatts, requiring an extensive amount and array of materials.
With the economy currently facing unprecedented turmoil, especially in the renewable energy sector, First Solar has seen its stock drop 68 percent in the past year. Today’s speculation, however, gave the company a much-needed boost, bumping its stock up 11 percent while reminding the industry just how deep its manufacturing capabilities are.
“It would definitely be a positive for First Solar if they were able to win a 1,000-megawatt project,” said Ben Schuman, an analyst at Pacific Crest Securities.
Despite the rampant speculation, a spokesman for Florida-based NextEra reiterated that the company has yet to choose a panel provider for the project, suggesting that they may work with more than one supplier.
The Christian Science Monitor has assembled a diverse group of the best energy bloggers out there. Our guest bloggers are not employed or directed by the Monitor and the views expressed are the bloggers' own, as is responsibility for the content of their blogs. To contact us about a blogger, click here. To add or view a comment on a guest blog, please go to the blogger's own site by clicking on the link in the blog description box above.