First Solar Hires Bruce Yung as Managing Director & VP of Business Development, China

  First Solar Hires Bruce Yung as Managing Director & VP of Business
  Development, China

Business Wire

BEIJING & TEMPE, Ariz. -- September 27, 2012

First Solar, Inc. (Nasdaq: FSLR) today announced that Bruce Yung has joined
the company as Managing Director and Vice President of Business Development
for China. In his new role, Yung will be based in First Solar’s Beijing office
and report to Jim Brown, Executive Vice President of Global Business
Development.

Yung has 25 years of experience in the energy industry throughout Asia and
Europe, spanning oil, gas, coal, power and renewable energy. Most recently,
Yung was Managing Director of China Renewable Energy Investment Limited, a
renewable energy company focused on China. Prior to that, he held senior
positions in business development, mergers and acquisitions, asset management
and strategy with leading global energy companies such as British Petroleum,
Entergy Power Group and British Gas.

“Bruce’s extensive and diverse global experience across the energy industry
will be a valuable asset to First Solar and our customers as we continue to
grow and invest in the Chinese market,” said Brown. “His first-hand knowledge
of the entire power life-cycle, from development to operation, will help us to
expand the market for utility-scale solar PV power plants in China and to
deliver value to Chinese solar power producers.”

“I am excited to lead First Solar’s effort to bring its leading thin-film
technology and unparalleled experience in utility-scale solar to the Chinese
market in order to help China reach its ambitious renewable energy goals,”
said Yung.

Yung earned BS and PhD degrees in chemical engineering from the University of
Birmingham and an MBA from Henley Management College in the United Kingdom. He
is currently Vice Chairman of the Energy Committee at the American Chamber of
Commerce in Hong Kong and Co-Chair of the Renewable Energy Chapter of the
Independent Power Producers Forum.

About First Solar
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.

Contact:

Media
Burson-Marsteller for First Solar in China
Huang Xue
+86-10-5816-2555
xue.huang@bm.com
or
First Solar
Ted Meyer
+1 (602) 427-3318
ted.meyer@firstsolar.com
or
Alan Bernheimer
+1 (415) 935-2499
media@firstsolar.com
or
First Solar Investors
+1 (602) 414-9315
David Brady
dbrady@firstsolar.com
or
Ryan Ferguson
rferguson@firstsolar.com
or
Ora Crossley
ocrossley@firstsolar.com
 
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