First Solar (FSLR +3.7%) jumps after reaching power purchase agreements with PG&E (PCG) for...

|By:, SA News Editor

First Solar (FSLR +3.7%) jumps after reaching power purchase agreements with PG&E (PCG) for two California solar projects that will produce 72MW of electricity. The projects, which First Solar is looking to sell, could begin construction next year. Yesterday, First Solar announced its Agua Caliente solar project, for which the company was recently forced to halt module deliveries, now delivers 250MW of power to the grid.