By Phoenix Business Journal

First Solar Inc. is creating a business group to deal with its utility-scale solar power plants.

The group, announced Thursday, will be headed by Jens Meyerhoff, who has been First Solarâ¿¿s chief financial officer since 2006.

The move is necessitated by Tempe-based First Solarâ¿¿s (Nasdaq:FSLR) the growth of its business providing panels for large-scale arrays, officials said. The company has agreements with utilities that will purchase 2.2 gigawatts of solar.

⿿With the pending completion of First Solar⿿s acquisition of NextLight, this part of our global business represents the next leg of growth for our industry and First Solar,⿝ said Rob Gillette, First Solar CEO, in a statement.

First Solar significantly expanded its power portfolio in April when it agreed to buy NextLight Power LLC for $285 million. The deal came with 570 megawatts contracts with Pacific Gas & Electric and NV Energy along with another 530 megawatts of developmental projects.

Meyerhoff will continue as First Solarâ¿¿s CFO until a permanent replacement is selected, officials said.

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