First Solar, Inc. has completed the sale of Luz del Norte, a 141-megawatt (MW)AC utility-scale solar power plant in Copiapó, Chile, to Toesca, an independent asset manager headquartered in Las Condes, Chile.
First Solar previously disclosed that it had signed a sale and purchase agreement for the facility on its Q3 2022 earnings call. The terms of the transaction, which was completed in December, 2022, were not disclosed.
First Solar is a leading American solar technology company and global provider of responsibly produced eco-efficient solar modules advancing the fight against climate change. Developed at R&D labs in California and Ohio, the company’s advanced thin film photovoltaic (PV) modules represent the next generation of solar technologies, providing a competitive, high-performance, lower-carbon alternative to conventional crystalline silicon PV panels.