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	<title>Salomon Johns &#187; fslr</title>
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	<link>http://salomonjohns.com</link>
	<description>Just a personal blog.</description>
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		<title>FSLR First Solar, Inc.</title>
		<link>http://salomonjohns.com/2009/09/fslr-first-solar-inc/</link>
		<comments>http://salomonjohns.com/2009/09/fslr-first-solar-inc/#comments</comments>
		<pubDate>Tue, 08 Sep 2009 20:01:27 +0000</pubDate>
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		<guid isPermaLink="false">http://salomonjohns.com/?p=73</guid>
		<description><![CDATA[First Solar, shares were up around 10% today, I closed my position with a modest gain, for those of you that didn&#8217;t see in the news;
First Solar, Inc. announced a memorandum of understanding (MOU) with the Chinese government to build a 2 gigawatt solar power plant in Ordos City, Inner Mongolia, China. Pursuant to the [...]]]></description>
			<content:encoded><![CDATA[<p>First Solar, shares were up around 10% today, I closed my position with a modest gain, for those of you that didn&#8217;t see in the news;</p>
<blockquote><p>First Solar, Inc. announced a memorandum of understanding (MOU) with the Chinese government to build a 2 gigawatt solar power plant in Ordos City, Inner Mongolia, China. Pursuant to the MOU, signed in the presence of Chairman Wu Bangguo of the Standing Committee of the National People&#8217;s Congress of China, the solar project in Ordos will be built over a multi-year period. Phase 1 will be a 30 megawatt demonstration project that will begin construction by June 1, 2010 and be completed as soon thereafter as practicable. Phases 2, 3 and 4 will be 100 megawatts, 870 megawatts, and 1,000 megawatts. Phases 2 and 3 will be completed in 2014 and Phase 4 will be completed by 2019. The project will operate under a feed-in-tariff which will guarantee the pricing of electricity produced by the power plant over a long-term period.</p></blockquote>
<p><a title="http://www.reuters.com/article/rbssEnergyNews/idUST5132220090907" href="http://www.reuters.com/article/rbssEnergyNews/idUST5132220090907" target="_self">http://www.reuters.com/article/rbssEnergyNews/idUST5132220090907</a></p>
<p>I will update my positions here in the next 24 hours. My homework load has soared and eaten up most of my time, but I will be updating the site here soon.</p>
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