First Solar Completes 1.3MW(DC) Solar PV Power Plant at Kitakyushu-shi in
TOKYO -- March 16, 2014
First Solar, Inc. (Nasdaq: FSLR) today announced the completion of the
1.3MW(DC) solar photovoltaic (PV) power plant at Kitakyushu-shi. Powered by
First Solar FS Series 3 Black PV modules, the plant will generate
approximately 1,400 MWh of clean and safe solar electricity per year. Power
from the project will be purchased by Kyushu Electric Power Company.
“Japan has ambitious solar power development goals to help mitigate the
dependency on nuclear energy,” said Joe Kishkill, First Solar’s Chief
Commercial Officer. “The completion of the Kitakyushu-shi project supports
that commitment along with providing electricity users with a fuel alternative
that is safe, can be rapidly deployed, and has the smallest carbon footprint.”
The project had a workforce of approximately 65 construction jobs at its peak,
building local capability to construct similar clean and safe solar power
projects in the future.
First Solar holds 100 percent equity in the project. Obayashi Corporation and
Yaskawa Electric Corporation constructed the project. Nippon Sheet Glass
supplied the advanced technology glass used in the PV modules.
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.
First Solar Media
Eiko Aiba, Akiko Nishimura
First Solar, Inc.
+91 8800 843600
First Solar Investors
Press spacebar to pause and continue. Press esc to stop.