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The Boston Globe

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Market Movers

First Solar gets a big investor

First Solar says it is a leading provider of photovoltaic solar systems that use its advanced thin-film modules.

Erik Kirschbaum/Reuters/File 2008

First Solar says it is a leading provider of photovoltaic solar systems that use its advanced thin-film modules.

Sumitomo Corp., of Tokyo, has bought a 25 percent stake in a First Solar Inc. power project being built in Southern California, Bloomberg News reported. Sumitomo acquired the stake in the 550-megawatt Desert Sunlight solar farm from General Electric Co. Terms were not disclosed. Desert Sunlight will generate enough energy for more than 165,000 homes.