CORRECTING and REPLACING AV Solar Ranch One Solar Power Plant Achieves 100 MW Milestone

  CORRECTING andREPLACING AV Solar Ranch One Solar Power Plant Achieves 100
  MW Milestone

California PV Power Plant to Reach 230 MW When Completed This Year

CORRECTION…by First Solar, Inc.

Business Wire

LANCASTER, Calif. & TEMPE, Ariz. -- February 20, 2013

Please replace the release with the following corrected version due to
multiple revisions.

AV Solar Ranch One, under construction in LA County. (Photo: Business Wire)

AV Solar Ranch One, under construction in LA County. (Photo: Business Wire)

The corrected release reads:

AV SOLAR RANCH ONE SOLAR POWER PLANT ACHIEVES 100 MW MILESTONE

California PV Power Plant to Reach 230 MW When Completed This Year

First Solar, Inc. (Nasdaq: FSLR) today announced that the Antelope Valley
Solar Ranch One project has achieved a peak generating capacity of 100
megawatts (MW)[AC] connected to the electrical grid. The photovoltaic (PV)
power plant, which is under construction in northern Los Angeles County, will
have a generating capacity of 230 MW[AC] upon completion, expected later this
year.

Initial construction on the solar project began in Sept. 2011 and module
installation started in June 2012, providing an average of 400 jobs during the
construction phase. Power from the plant is being purchased by Pacific Gas and
Electric Company under a 25-year contract.

“We are proud to achieve this important clean energy milestone for California,
which was made possible by the tireless efforts of hundreds of individuals
working together. We especially appreciate the support of LA County’s Fifth
Supervisorial District staff and the departments of Regional Planning and
Public Works for their contributions to making this project a success,” said
Lou Moore, First Solar Senior Vice President of Engineering, Procurement and
Construction. “Unlike traditional power plants, the modular nature of PV power
projects enables us to quickly add substantial volumes of clean energy to the
grid throughout the construction process. This shorter ‘time to energy’ is
another key advantage of PV solar electricity.”

Dennis Hunter, Deputy Director of Los Angeles County Public Works,
congratulated First Solar on its achievement at Antelope Valley Solar Ranch
One. “We appreciated the opportunity to work with the First Solar team to
reach this operational milestone,” he said.

When fully operational, the facility will generate enough power for 75,000
average California homes and will displace about 140,000 tons of carbon
dioxide per year. That’s equivalent to taking 30,000 cars off the road on an
annual basis.

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.

Photos/Multimedia Gallery Available:
http://www.businesswire.com/multimedia/home/20130220005136/en/

Multimedia
Available:http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50569392&lang=en

Contact:

First Solar, Inc.
Alan Bernheimer
+1 415 935-2499
media@firstsolar.com
or
First Solar Investors
David Brady
+1 602 414-9315
dbrady@firstsolar.com
or
Ryan Ferguson
+1 602 414-9315
rferguson@firstsolar.com
 
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