First Solar has project pipeline featuring some big projects

First Solar (Nasdaq: FSLR) has several massive projects in its development pipeline to be built over the next few years, including two in California that would each be 550 MW in size.

The company said in its May 7 Form 10-Q report that it expects a substantial portion of its consolidated net sales, operating income and cash flows through 2016 to be derived from several large projects in North America, including the following projects which are currently or will be among the world’s largest photovoltaic solar power systems:

  • the 550-MW Topaz Solar Farm, located in San Luis Obispo County, Calif.;
  • the 550-MW Desert Sunlight Solar Farm, located west of Blythe, Calif.;
  • the 250-MW McCoy Solar Energy Project, located in Riverside County, Calif.;
  • the 250-MW Silver State South project, located near Primm in Clark County, Nev.;
  • the 150-MW Imperial Solar Energy Center West project, located in California; and
  • the 58-MW Copper Mountain Solar 2 project, part of the 150-MW Copper Mountain Solar complex in Boulder City, Nev.

As of May 6, the company has approximately 3.5 GW in its advanced-stage project pipeline. “We continually seek to make additions to our advanced-stage project pipeline,” First Solar noted. “We are actively developing our early to mid-stage project pipeline in order to secure [power purchase agreements] PPAs and we are also pursuing opportunities to acquire advanced-stage projects, which already have PPAs in place. New additions to our advanced-stage project pipeline during the period January 1, 2014 through May 6, 2014 include a recently signed EPC agreement to build the 150 MW AC Imperial Solar Energy Center West solar power plant in California. In addition, during the first quarter of 2014 we announced the execution of a PPA for a planned 53 MW AC solar plant in Hashemite Kingdom of Jordan between a Shams Ma’an Power Generation/First Solar consortium and Jordan’s power regulation authority. We also entered into EPC agreements with EDF Renewable Energy to build 43 MW AC of solar projects on three sites in California.”

Here are projects that the company is working on that have executed PPAs (or is strictly a merchant plant), that haven’t been sold or contracted for yet, along with their size (in MW AC), power customers under a PPA and substantial completion year:

  • Stateline, California, 300 MW, Southern California Edison, 2016;
  • Moapa, Nevada, 250 MW, Los Angeles Department of Water and Power, 2015;
  • SolarGen 2, California, 150 MW, San Diego Gas & Electric, 2014;
  • California Flats, California, 150 MW, Pacific Gas & Electric, 2016;
  • North Star, California, 60 MW, Pacific Gas & Electric, 2015;
  • Macho Springs, New Mexico, 50 MW, El Paso Electric, 2014;
  • Cuyama, California, 40 MW, Pacific Gas & Electric, 2015/2016;
  • Kingbird, California, 40 MW, Southern California Public Power Authority/City of Pasadena, 2015;
  • Lost Hills, California, 32 MW, Pacific Gas & Electric, 2015;
  • PNM3, New Mexico, 8 MW, utility owned generation, 2014;
  • Barilla, Texas, 22 MW, merchant, 2014; and
  • Maryland Solar, Maryland, 20 MW, FE Solutions, 2014.
About Barry Cassell 20414 Articles
Barry Cassell is Chief Analyst for GenerationHub covering coal and emission controls issues, projects and policy. He has covered the coal and power generation industry for more than 24 years, beginning in November 2011 at GenerationHub and prior to that as editor of SNL Energy’s Coal Report. He was formerly with Coal Outlook for 15 years as the publication’s editor and contributing writer, and prior to that he was editor of Coal & Synfuels Technology and associate editor of The Energy Report. He has a bachelor’s degree from Central Michigan University.