First Solar (FSLR +3.3%) has acquired Solar Chile, owner of a 1.5GW portfolio of Northern...

|By:, SA News Editor

First Solar (FSLR +3.3%) has acquired Solar Chile, owner of a 1.5GW portfolio of Northern Chilean solar projects, for an undisclosed sum. The purchase is part of a general effort by the company to grow its dependence on construction projects relative to module sales, where an ugly pricing/supply environment doesn't show any signs of letting up. First Solar says it has a "pipeline of projects under contract to utilities totaling 3 GW, with 2 GW under construction."