TEMPE, Ariz.--(BUSINESS WIRE)--
First Solar, Inc. (Nasdaq: FSLR) announced today that in early February
it surpassed 6 gigawatts (GW)DC of capacity installed by the
company's Engineering, Procurement and Construction (EPC) group.
According to Alan Stringer, First Solar's Vice President of Global
Project Management and Construction Services, First Solar is installing
approximately 30 to 40 MWDC per week on 2GWDC of
active projects around the world right now.
"We would like to thank our customers for placing their trust in First
Solar to design, procure and build the highest-performing utility-scale
solar generation facilities in the world."
Stringer said partnerships with strategic customers have enabled First
Solar to continually lower the cost of utility-scale solar generation.
As well as leading the industry in Research and Development investment,
First Solar sets the pace in driving down the cost of Balance of Systems
(BoS). For example, he said, First Solar's application of 1500V
inverters is rapidly becoming an industry standard. And, he pointed out,
the company's manufacturing heritage, combined with the scale of
installing 6GW, has enabled First Solar to develop a "manufacturing in
the field" concept that helps drive down BoS cost.
"Power plant owners benefit from both the lower cost of utility-scale
projects built by First Solar and the proven track record of innovation
we bring to every project," said Stringer. "Our customers also have the
confidence that First Solar proudly stands behind the reliability and
performance of every asset we build."
First Solar's inaugural EPC job was 2008's 10 megawatt (MW)ACEl Dorado Solar Project in Nevada, consisting of 220,000 First Solar
photovoltaic (PV) modules, and taking nearly two years from
groundbreaking to commissioning. In early 2015, First Solar completed
construction of the 550MWACDesert Sunlight Solar Project and
the 550MWACTopaz Solar Farms, each utilizing more than 8
million modules and built in about the same amount of time it took to
construct El Dorado.
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
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: effects on our financial statements and
guidance resulting from pending tax matters; 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 (including estimated future module collection
and recycling costs), warranties, solar module efficiency and balance of
systems cost reduction roadmaps, restructuring, product reliability,
investments in unconsolidated affiliates 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 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," "seek," "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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160223005301/en/
First Solar Media
Steve Krum
+1 602-427-3359
steve.krum@firstsolar.com
or
First
Solar Investors
Stephen Haymore
+1 602-414-9315
stephen.haymore@firstsolar.com
Source: First Solar, Inc.
News Provided by Acquire Media