News

You are here

First Solar Rises as Permit Resolved on Los Angeles Plant

Bloomberg News

First Solar Inc. (FSLR), the biggest maker of thin-film solar panels, climbed the most since June 12 after receiving permission to continue construction on a $1.36 billion power project in Los Angeles County.

First Solar had the biggest increase among the Standard & Poor’s 500 Index companies, rising 9.2 percent to $15.88 at the close in New York. Shares of the Tempe, Arizona-based company have dropped 53 percent this year.

Construction of the Antelope Valley Solar Ranch One plant had been suspended during a permitting dispute with county officials over building codes, First Solar said today in a statement. The project is partially funded by a $646 million U.S. Energy Department loan guarantee and is expected to be complete next year.

Read the full story from Bloomberg News

Related News

Sign up for the latest alerts

Get emails from SEIA and be the first to know about solar news and issues in your state.

Or, sign up for our press list.

Related Content

Contact Information

To schedule an interview with one of SEIA's spokespeople, please contact:

  • Ken Johnson, Vice President of Communications at 202.556.2885

Sign up for our press list.

Solar Update

Solar Generation