• Print

Exelon and First Solar defer change of ownership of AVSR PV project


  • FSLR
    +0.08 (0.16%)
    4:00PM EDT

Exelon and First Solar have extended their deadline for initial funding of the DOE loan for the 230MW Antelope Valley Solar Ranch One (AVSR) project, in northern Los Angeles County, California. A revised construction permit has been approved but the delay could mean First Solar has to repurchase the project from customer Exelon from February 24, 2012, as federal loan and loan guarantees would not be released in time of contract clauses kicking-in.

The new deadline for initial funding of the DOE loan has been moved to April 6, 2012, to allow the expected time for the initial funding to be in place.

The extended deadline means the risk of First Solar repurchasing the project has diminished. Construction of AVSR has not been affected.


  • Photovoltaics International 29th Edition

    Forecasting the evolution of a young, dynamic industry is by definition an uncertain business, and solar is no exception. Rarely, if ever, do the numbers broadcast by any of the various bodies involved in the PV prediction game tally, and even historical deployment rates remain the subject of hot debate. The paradox is that getting forecasts broadly right is going to become increasingly important over the next few years, particularly for those involved in producing the equipment that will support whatever levels of demand come to pass.



Solar Media


We won't share your details - promise!