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APR 01, 2013 - MarketWatch

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First Solar acquires project in S. California

First Solar Inc. FSLR acquired a planned 150-megawatt solar project from a group led by Goldman Sachs Group Inc. GS in the Imperial Valley area of Southern California. Financial terms of the deal for the project, which is expected to begin this year and be completed in 2014, weren't disclosed. The planned Solar Gen 2 project, located near El Centro, Calif., is expected to produce enough electricity to power more than 60,000 average homes.

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