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Stock Market & Financial Investment News

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January 2, 2013
08:05 EDTSPWRMidAmerican Solar acquires solar development from SunPower
MidAmerican Solar, a subsidiary of MidAmerican Renewables, and SunPower announced MidAmerican Solar's acquisition from SunPower of the 579-megawatt Antelope Valley Solar Projects, two co-located projects in Kern and Los Angeles Counties in Calif. Together, the two combined projects will form the largest permitted solar photovoltaic power development in the world and will create an estimated 650 jobs during construction. In addition, SunPower will be the engineering, procurement and construction contractor and will operate and maintain the facility via a multiyear services agreement. Construction of the solar project is scheduled to begin in first quarter 2013, with the plants expected to be complete by year-end 2015.
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