Under the terms of the agreement, the five-person Solar Chile team is joining First Solar, and Fundación Chile will provide ongoing consultation services. Terms of the transaction were not disclosed.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 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. About Fundación Chile Fundación Chile (FCh) is a unique public-private partnership fostering innovations that “move the boundary of possibility.” Its partners are the Chilean government and BHP Billiton – Escondida Mine. We partner globally to provide a high impact response to address our country’s challenges—ultimately, today’s global challenges: sustainability, human capital development, healthier food, and digitalization. Since our creation in 1976 by the Chilean government and ITT Corporation, this non-profit has generated over two billion dollars in social value in industries and enterprises initiated by FCh.
FCh is a “do-tank,” pioneering new sectors through a portfolio of capacity building initiatives, demonstrative companies, and enabling technology services. We are best known for jumpstarting the farmed salmon industry in the 1980s, launching Chile’s first venture capital funds in the 1990s, moving into renewable energy in the 2000s and launching Latin America’s first Climate Exchange. The organization’s dynamic response to the country’s ever changing needs speaks of challenges faced to remain competitive in a global context.