First Solar Acquires Chilean Solar Firm

Tempe, Arizona-based First Solar said today that it has acquired Solar Chile, a Santiago, Chile-based developer of solar power projects. Financial term sof the buy were not disclosed. First Solar said that Solar Chile has a portfolio of early- to mid-stage utility-scale photovoltaic (PV) power projects totalling 1.5 gigawatts. Many of Solar Chile's installations are in Chile's Atacama Desert region. First Solar said that Solar Chile's entire, five-person team is joining the company.