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First Solar Modules Selected To Power Projects Totaling 48MW In France

Stocks in this article: FSLR

First Solar, Inc. (Nasdaq: FSLR) today announced that its advanced thin-film photovoltaic (PV) modules will power four solar energy plants in France, with a combined capacity of 48 megawatts (MW).

The projects - developed and owned by Photosol, a French renewable energy company - are being constructed in the country’s Auvergne and Midi-Pyrénées regions: three plants, with a total capacity of 37MW, are located in the communes of Dompierre sur Bresbe, Gennetines and Marmanhac; a fourth facility, with a capacity of 11MW, is being built in Sarrazac. Engineering, Procurement and Construction (EPC) services for all four projects are being provided by Jayme da Costa Energie, a leading French engineering company and a longstanding Photosol partner since 2011.

The plants have been designed to have a minimal impact on the communities and ecosystems they are located in: while three of the facilities are built on pastureland - allowing landowners the additional benefit of being able to graze livestock at the sites - the fourth is sited near an oak forest and includes access for wild animals.

“As France actively promotes the adoption of solar energy, these projects will contribute towards the country’s efforts to diversify its energy mix. We expect these projects to make a significant local impact by providing communities with clean energy and contributing significantly to Europe’s CO 2 reduction goals,” said David Guinard, Managing Director of Photosol. “Our choice of First Solar’s thin-film modules was based on a combination of cost-competitiveness, unrivalled bankability, the ability of its modules to reliably deliver solar power and the fact that the technology has the smallest carbon footprint, with the fastest energy payback time.”

Founded in 2008, Paris-based Photosol has developed solar power plants with a total capacity of 63MW across France and has a project pipeline that exceeds 250MW. Significantly, the four power plants are the largest ever undertaken by the company and also mark the first time it has partnered with First Solar.

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