TEMPE, Ariz., Dec 01, 2008 (BUSINESS WIRE) --
First Solar, Inc. (Nasdaq: FSLR) announces the completion of Southern
California Edison's (SCE) 2 megawatt (MW) solar photovoltaic power plant
installed on the rooftop of a commercial building in Fontana,
California. This is the first project in SCE's announced plan to install
250MW of solar generating capacity on large commercial rooftops
throughout Southern California over the next five years. First Solar
engineered the rooftop system, manufactured the solar modules and
supplied the balance-of-system equipment for this SCE landmark project.
Under a formal bid process, SCE today announced the selection of First
Solar for the second project of its 250MW rooftop initiative. The second
project will be a 1MW project installed on a commercial building in
Chino, California.
"SCE is leading the energy sector with its innovative strategy to use
commercial rooftops in highly populated areas for new solar generation
installations, selecting sites where customer peak demand is highest,"
said John Carrington, Executive Vice President of Global Marketing and
Business Development. "SCE's 250MW solar rooftop initiative brings
essential energy sources to the grid quickly, supports California's
economy with new green jobs and protects our environment by developing
more clean solar energy for Californians."
"This innovative solar rooftop initiative is a natural extension of our
industry leadership in renewable energy," said Ted Craver, Edison
International chairman and CEO. "We are driving solar technology forward
and identifying creative new ways to integrate solar power into the
electricity grid. A program of this scale could transform solar
generation, helping bring costs down and providing us with another
important way to meet the environmental challenges of the future."
About First Solar
First Solar, Inc. (Nasdaq: FSLR) manufactures solar modules with an
advanced thin film semiconductor technology and provides comprehensive
photovoltaic (PV) solutions that significantly reduce solar electricity
costs. By enabling clean, renewable electricity at competitive prices,
First Solar provides an economic and environmentally responsible
alternative to existing peaking fossil-fuel electric generation. First
Solar PV power plants operate with no water, air emissions or waste
stream. First Solar set the benchmark for environmentally responsible
product life cycle management by introducing the industry's first
comprehensive collection and recycling program for solar modules. From
raw material sourcing through end-of-life collection and recycling,
First Solar is focused on creating cost-effective renewable energy
solutions that 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.
SOURCE: First Solar, Inc.
First Solar, Inc.
Lisa Morse
602-414-9361
lmorse@firstsolar.com
Photos available at http://firstsolar.com/media.php
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