First Solar To Buy NextLight Renewable Power

Nation's largest solar panel maker said Wednesday it will acquire NextLight Renewable Power LLC, a developer of solar projects, for roughly $285 million in cash.

TEMPE, Ariz. (AP) -- First Solar Inc., the nation's largest solar panel maker, said Wednesday it will acquire NextLight Renewable Power LLC, a developer of solar projects in the Southwest, for roughly $285 million in cash.

The deal is expected to be completed in the third quarter.

First Solar is based in Tempe, Ariz., while NextLight Renewable Power is based in San Francisco.

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