During the month of December 2011, MidAmerican Energy Holdings Company (MidAmerican) announced the acquisition of two First Solar utility-scale solar projects in the Southwestern United States. The first purchase, announced on 7 December 2011, places 100% of First Solar's 550 MW Topaz solar project, located in San Luis Obispo, California, under the ownership of MidAmerican. The second project, announced on 16 December 2011, transfers 49% of First Solar's 290 MW Agua Caliente project located in Yuma County, Arizona, to MidAmerican. Key trends in this On Point include: In line with other large power players, MidAmerican picks off low-hanging solar projects. First Solar's North America project pipeline drying up, forcing retrenchment. Shifting renewable power purchases from wind to solar in the Southwestern United States.
During the month of December 2011, MidAmerican Energy Holdings Company (MidAmerican) announced the acquisition of two First Solar utility-scale solar projects in the Southwestern United States. The first purchase, announced on 7 December 2011, places 100% of First Solar's 550 MW Topaz solar project, located in San Luis Obispo, California, under the ownership of MidAmerican. The second project, announced on 16 December 2011, transfers 49% of First Solar's 290 MW Agua Caliente project located in Yuma County, Arizona, to MidAmerican. Key trends in this On Point include: