First Solar-Exelon Deal Clears Hurdle

By Cassandra Sweet |  WSJ  |  Link to article

Los Angeles County agencies have approved changes to a construction permit that First Solar Inc. needs to build a large solar farm and complete a $1.36 billion deal with Exelon Corp.

First Solar and Exelon said last week that the pending approvals had held up federal loans backed by a $646 million loan guarantee that the U.S. Department of Energy had approved for the project.

In September, Exelon agreed to buy the 230-megawatt solar farm in the arid Antelope Valley near Los Angeles and pay First Solar to build and operate the facility in a package of deals worth about $1.36 billion.
(complete article)