Orrick Reps First Solar In $285M NextLight Acquisition

Law360, New York (April 29, 2010, 1:02 PM EDT) -- First Solar Inc., the world's largest solar panel maker, has said it will pay $285 million in cash to buy solar power developer NextLight Renewable Power LLC in an effort to diversify and expand its solar projects in the western United States.

First Solar and NextLight have signed a definitive agreement to partner up, according to a Wednesday filing with the U.S. Securities and Exchange Commission.

The transaction includes NextLight's 1,100-megawatt solar project pipeline, including 570 megawatts of power purchase agreements the developer signed with Western...
To view the full article, register now.