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TheStreet Open House

Solar Power Gets Jolt Of Energy As Western Australia Officially Flips Switch On Country’s First Large-Scale Solar Project

In addition to supplying over 150,000 of its advanced thin film PV modules and engineering, procurement and construction services for the plant, First Solar will provide operations and maintenance services for the next 15 years.

“First Solar is helping make large-scale solar power a reality in Australia,” said Mark Widmar, First Solar Chief Financial Officer. “This landmark project provides a strong foundation for the long-term adoption of large-scale solar projects in the Australian power market. We are delighted to have partnered with local suppliers and contractors to deliver this project and to lead the development of a large-scale solar industry in Australia.”

Western Australian state-owned power utility, Verve Energy, and GE Energy Financial Services each own 50 percent of the Greenough River Solar Farm, with the WA Government having provided A$20 million in funding, including A$10 million from the WA Royalties for Regions program. No debt was raised to fund the project.

About First Solar, Inc.

First Solar is a leading global provider of comprehensive photovoltaic (PV) solar systems which use its advanced thin-film modules. The company’s integrated power plant solutions deliver an economically attractive alternative to fossil-fuel electricity generation today. From raw material sourcing through end-of-life module collection and recycling, First Solar’s renewable energy systems protect and enhance the environment. For more information about First Solar, please visit http://www.firstsolar.com.

For First Solar Investors

This release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release do not constitute guarantees of future performance. Those statements involve a number of factors that could cause actual results to differ materially, including risks associated with the company's business involving the company's products, their development and distribution, economic and competitive factors and the company's key strategic relationships and other risks detailed in the company's filings with the Securities and Exchange Commission. First Solar assumes no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein.

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