By Phoenix Business Journal

First Solar Inc. has signed a deal with China Guangdong Nuclear Solar Energy Development Co. Ltd. as development partner on the first phase of its massive Ordos City solar project.

Tempe-based First Solar (Nasdaq: FSLR) signed a memorandum of understanding for the first project to be built in Ordos, Inner Mongolia. The 30-megawatt plant is the first step in building a 2-gigawatt facility in the Chinese city.

Under the agreement, the Chinese firm would be the majority owner and operator of the first phase with First Solar supplying the photovoltaic panels.

Copyright 2011 American City Business Journals

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