First Solar to Buy 177MW Solar Farm Project from Ausra

Nov 8 2009 | 9:21am ET

Solar power giant First Solar will buy an option on the California land where solar thermal startup Ausra had planned to build a 177MW solar farm.

The terms of the sale, announced Wednesday, were not disclosed.

The 177MW Carrizo Energy Solar Farm was to be built in San Luis Obispo. First Solar says it will not complete the project. Instead, the purchase will allow it to reconfigure its own nearby solar farm, the 550MW Topaz project, to reduce its impact and “create wildlife corridors,” First Solar spokesman Alan Bernheimer told the New York Times.

The sale is part of a major shift in strategy for Ausra, which is abandoning the development of solar plants in favor of supplying equipment and technology.

Ausra had signed a power purchasing agreement with the California power company PG&E in 2007 to sell solar power from the Carrizo plant, but that deal, said Ausra in a statement, has been “withdrawn.”


In Depth

Prominent Hedgie Renee Haugerud Embroiled in Ugly Child Custody Battle

Sep 10 2014 | 2:43pm ET

A high-profile hedge fund manager is caught up in a nasty child custody battle in...

Lifestyle

Full House’s Stamos To Play TV Hedge-Fund Manager

Sep 5 2014 | 4:43am ET

The life of a Connecticut hedge-fund billionaire is coming to the small screen.

Guest Contributor

The Cult of Loss Aversion: A Call to Rethink Risk in Global Macro Investing

Sep 4 2014 | 5:45am ET

In the wake of a traumatic loss, whether it is financial or personal, it is just...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

July/August 2014 Cover

In search of the ‘new normal’ at the Fed

The Federal Reserve keeps baby-stepping toward a “normalization” of monetary policy. But just what is normal?

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.