First Solar Starts Construction of Solar Power Plant in Kitakyushu-shi, Japan

  First Solar Starts Construction of Solar Power Plant in Kitakyushu-shi,
  Japan

Business Wire

TOKYO -- November 25, 2013

First Solar, Inc. (Nasdaq: FSLR) today announced that it has started
construction of a solar project in Kitakyushu-shi, Japan. Generation capacity
of the project is 1.4MW[DC], and it will start operating in Q1 2014. Using
First Solar’s advanced technology CdTe thin-film PV modules, the project will
provide clean and safe solar power to Japan, mitigating idle nuclear and
providing energy security.

“This project illustrates First Solar’s capability to develop and build solar
power plants in Japan,” said Joseph Kishkill, First Solar’s Chief Commercial
Officer. “We are honored to begin our long-term strategic investment in Japan
with the Kitakyushu-shi project.”

Over 100 million First Solar modules – which integrate advanced Japanese
technology – have been installed throughout the world. Nippon Sheet Glass Co.,
Ltd. (NSG Group), headquartered in Tokyo and one of the world’s leading
manufacturers of glass, supplies the advanced technology glass with a
proprietary electrical film tuned to First Solar’s CdTe thin-film modules.

First Solar holds 100 percent equity in the project. Obayashi Corporation,
headquartered in Tokyo and Yaskawa Electric Corporation, headquartered in
Kitakyushu – both major global construction contractors – will construct the
project.

About First Solar, Inc.

First Solar is a leading global provider of comprehensive photovoltaic (PV)
solar systems which use its advanced module and system technology. 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.

For First Solar Investors

This release contains forward-looking statements which are made pursuant to
safe harbor provisions of the Private Securities Litigation Reform Act of
1995. These forward-looking statements include statements, among other things,
concerning: our business strategy, including anticipated trends and
developments in and management plans for our business and the markets in which
we operate; future financial results, operating results, revenues, gross
margin, operating expenses, products, projected costs, warranties, solar
module efficiency and balance of systems (“BoS”) cost reduction roadmaps,
restructuring, product reliability and capital expenditures; our ability to
continue to reduce the cost per watt of our solar modules; our ability to
reduce the costs to construct photovoltaic (“PV”) solar power systems;
research and development programs and our ability to improve the conversion
efficiency of our solar modules; sales and marketing initiatives; and
competition. These forward-looking statements are often characterized by the
use of words such as “estimate,” “expect,” “anticipate,” “project,” “plan,”
“intend,” “believe,” “forecast,” “foresee,” “likely,” “may,” “should,” “goal,”
“target,” “might,” “will,” “could,” “predict,” “continue” and the negative or
plural of these words and other comparable terminology. Forward-looking
statements are only predictions based on our current expectations and our
projections about future events. You should not place undue reliance on these
forward-looking statements. We undertake no obligation to update any of these
forward-looking statements for any reason. These forward-looking statements
involve known and unknown risks, uncertainties, and other factors that may
cause our actual results, levels of activity, performance, or achievements to
differ materially from those expressed or implied by these statements. These
factors include, but are not limited to, the matters discussed in Item 1A:
“Risk Factors,” of our Annual Report on Form 10-K for the year ended December
31, 2012, as updated and supplemented by risk factors included in our
Prospectus dated June 12, 2013 filed with the SEC pursuant to Rule 424(b)(5)
(the “Prospectus”), Quarterly Reports on Form 10-Q, Current Reports on Form
8-K and other reports filed with the SEC.

Contact:

First Solar Media
Burson-Marsteller
Masaki Asanuma, Eiko Aiba, Akiko Nishimura
+81 03-3264-6701
FirstSolarJP.PR@bm.com
or
Deepali Girdhar
+91 8800 843600
deepali.girdhar@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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