Nov 16 German solar project developer
solarhybrid AG said on Wednesday it plans to use
First Solar Inc panels in two major U.S. power plants
as part of its plan to take over Solar Millennium AG's U.S. project pipeline.
The news comes three months after Solar Millennium said it
would convert its massive California project - expected to one
day be the world's largest solar power plant - to photovoltaic
panel technology instead of solar thermal power because of the
dramatic drop in the price of solar panels.
First Solar panels would be used in the 1-gigawatt Blythe
project and the 500 megawatt Palen project, both located in
California, solarhybrid and Solar Millennium said in a
statement posted on Solar Millennium's website.
Solarhybrid also said it "intends to involve" First Solar
as a partner in the takeover of Solar Millennium's 2.25-GW U.S.
project pipeline. It was not immediately clear whether that
would mean First Solar would take part in the acquisition of
the pipeline or simply be the panel supplier for the projects.
A First Solar spokesman had no comment.
Solar Millennium and solarhybrid have been negotiating the
sale of Solar Millennium's U.S. project pipeline since late
summer, the companies said. The deal is expected to be
finalized at the end of this month.
Many solar projects this year have elected to change most
or all of their technology to PV, which turns sunlight into
electricity, from concentrating solar power, or CSP, which uses
heat to create steam that powers a generator.
Prices on solar panels have fallen 40 percent this year
alone due to cutbacks in solar subsidies in Europe and a sharp
increase in panel manufacturing capacity that has created a