12MWAC facility will be largest PV solar
installation in Arkansas
Aerojet Rocketdyne on leading edge of trend for direct procurement of
solar energy for industrial operations
TEMPE, Ariz. & NASHVILLE, Tenn.--(BUSINESS WIRE)--
Nashville-based renewable energy provider Silicon Ranch Corporation and
Tempe-based First Solar, Inc. (NASDAQ: FSLR) announce the selection of
First Solar technology and products for the 12-Megawatt (MW)AC
solar power project that will provide power to Aerojet Rocketdyne and
Arkansas Electric Cooperative Corporation (AECC) in East Camden,
Arkansas.
Silicon Ranch has selected First Solar's advanced thin film modules and
solar tracker racking solution for installation at Silicon Ranch's
Highland Industrial Park solar field adjacent to Aerojet Rocketdyne's
1,200-acre manufacturing and test facility. Electricity from the solar
generation facility will directly supplement Aerojet Rocketdyne's
daytime operations. Under a unique set of power purchase agreements,
excess electricity generated by the installation will be released to
Arkansas Electric Cooperative Corporation (AECC) and integrated into the
cooperative's diverse generation portfolio.
"With its manufacturing facility in Perrysburg, Ohio, First Solar meets
Aerojet Rocketdyne's commitment to work with U.S. companies and support
domestic development and manufacturing of technology that advances our
nation's strategic objectives," comments Erik Didriksen, Aerojet
Rocketdyne EH&S strategist.
"This project is on the leading edge of a trend by U.S. industrial
companies to commit to clean, renewable energy," said Matthew Kisber,
President and Chief Executive Officer of Silicon Ranch Corporation.
"Aerojet Rocketdyne understands that solar is a responsible choice from
both environmental and economic considerations. It is a smart,
enlightened strategic procurement decision. Silicon Ranch is proud to
help them achieve that objective."
Kisber said Silicon Ranch's selection of First Solar was based on the
company's streamlined Module Plus solution, which is essentially a
bundling of First Solar PV modules, wiring and mounting system,
pre-engineered to optimize First Solar's proven module technology. The
Aerojet Rocketdyne project includes a single-axis tracking table
mounting system, which allows the modules to follow the sun across its
daily arc. This tracker technology produces up to 25 percent more energy
than fixed mounting systems, and is a configuration preferred by
utility-scale solar projects around the world.
"Silicon Ranch's choice to partner with First Solar shows how this
technology contributes to a competitively designed commercial and
industrial solar power project," said Dana Diller, First Solar's Vice
President of Business Development - U.S. "This market segment includes
large-scale business operations seeking ways to save on energy costs
while adopting sustainable, environmentally sound purchasing practices.
First Solar enables power plant operators and owners to mitigate their
risk and maximize their energy return."
About Silicon Ranch
Silicon Ranch Corporation - www.siliconranchcorp.com
- Silicon Ranch, one of the top 15 solar operators in the U.S., is a
turnkey, renewable energy provider that customizes solar solutions based
upon the individual needs of its customers. Silicon Ranch's value to its
customers is its ability to develop and execute solar solutions that
help companies build brand equity and pursue a socially responsible
community benefit while allowing those companies to focus on their core
business activities. Silicon Ranch has been instrumental in helping its
partners accomplish numerous "firsts" in their respective marketplaces.
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. 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 most recent Annual Report on Form 10-K,
Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other
reports filed with the SEC.
Silicon Ranch Corporation Media
Reagan Farr
+1 615-577-4786
reagan.farr@siliconranchcorp.com
or
First
Solar Media
Steve Krum
+1 602-427-3359
steve.krum@firstsolar.com
or
First
Solar Investors
David Brady
+1 602-414-9315
dbrady@firstsolar.com
or
Stephen
Haymore
+1 602-414-9315
stephen.haymore@firstsolar.com
Source: First Solar, Inc.
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