First Solar Sells Macho Springs Solar Project For Undisclosed Terms

(RTTNews) - First Solar, Inc. (FSLR) has sold the 50 megawatt AC Macho Springs Solar Power Plant to Southern Company subsidiary Southern Power and Turner Renewable Energy.

El Paso Electric (EE) has a 20-year power purchase agreement for all energy generated by the power plant. Terms of the deal were not disclosed.

The power plant, located on approximately 600 acres of State Trust land near Deming, New Mexico, is the state's largest solar power plant. It will generate enough clean energy to power about 18,000 homes in El Paso Electric's service territory.

First Solar developed and constructed the project, working closely with the New Mexico State Land Office and El Paso Electric. The plant will operate on a commercial lease from the State Land Office.

Macho Springs is the third project Southern Power and Turner Renewable Energy have acquired from First Solar.