PlantPredict™ Energy Modeling Used as Basis for Project Performance Guarantees

November 1, 2017 at 8:00 PM EDT

Three projects total more than 350MW

TEMPE, Ariz.--(BUSINESS WIRE)--Nov. 1, 2017-- First Solar, Inc. (Nasdaq: FSLR) has confirmed that PlantPredict™, the company’s utility-scale solar photovoltaic (PV) energy prediction software, has been used to generate the reference energy predictions in the sale of three utility-scale projects totaling more than 350MWac.

The transactions demonstrate that the cloud-based modeling tool has gained acceptance by lenders and asset owners as a bankable primary resource in analyzing and predicting performance of utility-scale PV solar projects.

Energy predictions generated by PlantPredict were used as the basis for EPC and O&M guarantees for projects including the 40MWac Cuyama Solar Project, owned by an affiliate of D. E. Shaw Renewable Investments, L.L.C.; and the 150MW second phase of the California Flats solar power plant, owned by Capital Dynamics.

A review of PlantPredict’s capabilities by independent engineering firm Leidos found that the application provided modeling accuracy equivalent to other energy prediction modeling tools currently used in the industry, such as PVSyst.

“It’s interesting to have another product on the market for modeling PV Projects,” said Leidos engineer Joan Haysom. “PlantPredict has been developed with utility-scale projects in mind, which is advantageous for that type of implementation in terms of ease of use.”

Haysom noted that Leidos’ analysis found that Plant Predict matched operational data in the test cases they studied “within reasonable uncertainty as expected within these models.”

PlantPredict is a sophisticated solar energy modeling tool designed to develop energy estimates for utility-scale solar PV installations. Easy to use with advanced modeling options, PlantPredict reduces uncertainty to generate more accurate energy predictions. More than 500 companies have already used PlantPredict to model energy predictions for their solar sites.

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

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Source: First Solar, Inc.

First Solar Media
Steve Krum
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steve.krum@firstsolar.com
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Stephen Haymore
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