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Sumitomo says it is purchasing a 25% stake in First Solar's (FSLR +3.9%) Desert Sunlight Solar...

Sumitomo says it is purchasing a 25% stake in First Solar's (FSLR +3.9%) Desert Sunlight Solar Farm project, the Japanese trading house's first investment in a U.S. solar farm. Desert Sunlight has secured power purchase agreements to supply SoCal Edison with 250MW and Pacific Gas & Electric with 300MW of clean energy for the next two decades.
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