New German Manufacturing Lines Are Producing Modules Ahead of
Schedule
MUNICH--(BUSINESS WIRE)--
First Solar, Inc. (Nasdaq: FSLR) today announced that it has
manufactured 4 gigawatts (GW) of thin-film photovoltaic solar modules
since beginning commercial production in 2002. A 4GW generation capacity
is enough solar electricity to power around two million households,
displacing more than 2.5 million metric tons of CO2 emissions
a year—the equivalent of taking 500,000 cars off the road.
The company also announced that its second factory at Frankfurt an der
Oder, Germany, has begun producing solar modules one month ahead of
schedule. The four new production lines are still expected to ramp to
full production during the third quarter of 2011, bringing annual
capacity at the two Frankfurt factories to more than 500 megawatts.
First Solar, which is one of the world's leading producers of
photovoltaic solar modules, also has manufacturing sites in Perrysburg,
Ohio and Kulim, Malaysia, as well as new plants under construction in
Mesa, Arizona and Vietnam. It recently completed the production ramp of
its two newest plants in Malaysia.
ABOUT FIRST SOLAR
First Solar manufactures solar modules with an advanced semiconductor
technology, and is a premier provider of comprehensive photovoltaic (PV)
system solutions. The company is delivering an economically viable
alternative to fossil-fuel generation today. From raw material sourcing
through end-of-life collection and recycling, First Solar is focused on
creating value-driven 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.
First Solar - (Europe)
Brandon Mitchener or Pia Alina Lange
+49
(0) 6131 1443-399
media-emea@firstsolar.com
or
First
Solar - (Germany)
Sebastian Fasbender
+49 (0) 30 2088942-30
media-germany@firstsolar.com
or
First
Solar - (USA)
Alan Bernheimer or Melanie Friedman
+1 (602)
414-9361
media@firstsolar.com
Source: First Solar, Inc.
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