First Solar (FSLR) and Southern California Edison have announced they are planning to build two solar power projects in South California. The solar power plants in Riverside and San Bernardino are expected to generate 550 megawatts of photovoltaic solar electricity which is enough to power 170,000 homes. The construction of the projects should start in 2012 and 2o13.
Yesterday, FSLR was quoted at $133.12. During the last year, the stock price has fluctuated between $85.28 and $283.45.
Read more in First Solar, SCE sign PPA for 550 MW solar projects (Cleantech Group).