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

Stocks in this article: FSLR

“These projects are an excellent example of how France, like other parts of Europe, can diversify its power generation portfolio and achieve energy security by maximizing the use of available land and leveraging its most abundant energy resource – sunlight. We are proud to have been part of effort and look forward to continuing our partnership with Photosol and First Solar,” said Luis Pedro Marques, Managing Director of Jayme da Costa Energie.

“These projects collectively represent a significant boost to Photosol’s installed capacity as this young, dynamic company continues to build on its successes,” said Stefan Degener, First Solar’s Director of Business Development for Europe. “I would like to thank our partners at Photosol and Jayme da Costa for the trust they’ve placed in us; their decision to use our advanced thin-film modules is testament to the technology’s suitability to utility-scale solar power plants in a wide variety of conditions.”

First Solar has had a full-fledged European presence since 2004, and it continues to be a leading player in the region’s utility-scale PV market. As a result of this deal, the company’s installed capacity in Continental Europe now exceeds 4GW, equivalent to the electricity generated by approximately four nuclear power plants. Its modules power an estimated 1 million homes across the region, while displacing over 1.2 million metric tons of greenhouse gases, based on European Union averages, per year.

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 recycling, First Solar’s renewable energy systems protect and enhance the environment. For more information about First Solar, please visit www.firstsolar.com.

About Photosol

Photosol, founded in 2008, is an independent renewable energy producer specialized in large photovoltaic (PV) power plants (between 8 to 12 MW each). The Company is present across the whole value chain as it develops, finances, builds and operates photovoltaic power plants in France. As of end of 2013, Photosol will have invested nearly €100 million, with 63MW of projects in operation and a pipeline of more than 250MW. In 2014 and 2015, Photosol is raising capital to invest an additional €100 million in the construction of new ready to build PV power plants. For more information, please visit www.photosol.fr.

About Jayme da Costa

Throughout its 96 years of activity, Jayme da Costa has become one of the most respected companies within the engineering area. Its achievements within the site civil, mechanical and electric installations, as well as the conception and the manufacturing of LV and MV electric equipment, have fostered its national and international recognition. Working in renewable energies projects since 1980’s across Europe, Africa and South America, Jayme da Costa Group and its regional branches has installed, participated and/or commissioned over 350 MW of Solar Power Plants, 3.5 GW of Wind Power and 300 MW of Small Hydro Power Stations.

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