Relationship to Focus on Delivery of Photovoltaic Projects in
Indonesia
JAKARTA, Indonesia--(BUSINESS WIRE)--
First Solar, Inc. (NASDAQ: FSLR) and PT. Pembangkitan Jawa Bali Services
(PJB Services) of Indonesia today signed a memorandum of understanding
(MOU) to collaborate on the delivery of 100 megawatts (MW) of
utility-scale solar power plants in Indonesia in order to address the
growing energy demand in the country.
First Solar thin-film solar photovoltaic modules in a ground-mounted solar power plant. (Photo: Business Wire)
"Indonesia has an increasingly urgent need for reliable, cost-effective
energy resources. The agreement with PJB Services facilitates an ideal
collaboration to provide Indonesia with the needed solution," said Won
Park, First Solar's Senior Manager of Business Development and Sales in
Southeast Asia. "This MOU underscores First Solar's belief that the
Indonesian market has great potential as a sustainable market where
solar power can be a meaningful part of the energy mix."
The MOU is the first for First Solar in Indonesia and one of several
related to the company's strategy of forging strategic alliances in
fast-growing, sustainable energy markets worldwide. The MOU also
represents the first foray into the development of utility-scale solar
photovoltaic power plants for PJB Services, a leading provider of
services for the operation and maintenance of conventional power plants
in Indonesia, whose parent company is PJB, a subsidiary of Perusahaan
Listrik Negara (PLN).
The MOU represents an initial step in the collaboration between the two
companies toward the development, engineering, procurement,
construction, operation and maintenance of an approximately 100 MW
pipeline for solar PV power plants, including PV hybrid solutions, using
First Solar's advanced thin-film PV modules and related system services
and components.
"We are excited by the opportunity to collaborate with a world leader in
solar energy for the development of utility-scale PV power plants in
Indonesia," said Bernadus Sudarmanta, President of PJB Services. "Solar
PV electricity can help Indonesia meet its fast-growing power needs
while reducing its dependence on fossil fuels."
About First Solar, Inc.
First Solar is a leading global provider of comprehensive photovoltaic
(PV) solar systems which use its advanced thin-film modules. 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 collection and
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 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.
About PJB Services
PT PJB Services is a subsidiary of PT. Pembangkitan Jawa Bali, a
subsidiary of PLN, which was established to answer the need for
additional line-up businesses in the areas of power plant operations and
maintenance. PT PJB Services was established on March 31, 2001 with 95%
shareholding owned by PT PJB and 5% owned by the Foundation for
Education and Welfare of PT PJB. PT PJB Services initially focused only
on the field of plant maintenance only. PT PJB Services has developed
the ability to be a company engaged in the operation and maintenance of
power plants. The company is currently represented in Indonesia,
Singapore, Malaysia, Kuwait, China and Saudi Arabia. http://www.pjbservices.com/
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For First Solar - Indonesia
Burson-Marsteller Indonesia
Mirza
Natadisastra
+62 816 4840 392
or
First Solar-USA
Ted
Meyer
+1 (602) 427-3318
media@firstsolar.com
or
Alan
Bernheimer
+1 (510) 625-7447
media@firstsolar.com
or
First
Solar-EMEA
Brandon Mitchener
+32 (2) 233-1113
media@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
or
Ora
Crossley
+1 (602) 414-9315
OCrossley@firstsolar.com
Source: First Solar, Inc.
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