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First Wind inks 320 MW of solar PPAs

(SeeNews) - Jun 20, 2014 - US renewable energy company First Wind said Thursday it has completed power purchase agreements (PPAs) with a unit of Warren Buffett's Berkshire Hathaway (NYSE:BRK.A) for its planned 320-MW Four Brothers solar complex in Utah.

The Four Brothers portfolio will consist of four photovoltaic (PV) facilities of 80 MW each, situated in Beaver and Iron counties. When up and running, the plants will be able to produce over 800,000 MWh of electricity annually, or enough to power about 90,000 local homes. First Wind plans to initiate construction works in 2015, while the parks' completion is planned for 2016.

The output will be purchased by Rocky Mountain Power, a unit of Berkshire Hathaway's electric utility subsidiary PacifiCorp (OTCMKTS:PPWRL), under four 20-year contracts. The utility needs to solar power to meet obligations under the federal Public Utility Regulatory Policies Act (PURPA).

First Wind, which also runs the 306-MW Milford Wind farm in Utah, recently signed seven similar PPAs for its 20-MW Seven Sisters projects in the same state. Including the two schemes, First Wind’s total solar and wind generation capacity in Utah will be almost 650 MW.