The US thin-film giant says it would have to pay $75m to repurchase the project, which is the price Exelon paid under a deal announced last September, plus certain costs. First Solar says it has enough capital to do so, while continuing to meet its other capital needs.

If the company did repurchase the project – power from which is contracted to Pacific Gas & Electric – it would seek to resell it to a third party, according to a securities