REC, Summit Power sell California solar plant project to First Solar

OSLO, April 10 Wed Apr 10, 2013 3:02am EDT

OSLO, April 10 (Reuters) - Norway's Renewable Energy Corp's and Seattle-based Summit Power have sold their North Star solar power plant project in California to First Solar, an American solar firm, the Norwegian company said on Wednesday.

REC did not provide a value for the transaction. The plant could produce up to 60 megawatts of electricity when construction is completed in 2015, it said.


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.