Turkish energy companies select First Solar modules to power projects
TEMPE, Ariz. & ISTANBUL--(BUSINESS WIRE)--
First Solar, Inc. (Nasdaq: FSLR) today announced that it has booked 160
Megawatts (MW)DC of photovoltaic (PV) module sales in Turkey
in the first half of 2016. The orders were placed by Basariarge Enerji
A.S. and Zorlu Enerji.
Zorlu Enerji, a subsidiary of Zorlu Holding, has contracted First Solar
to supply 100MWDC of its high performance Series 4 thin film
modules, for projects expected to be constructed and commissioned in
2017. Basariarge Enerji A.S. - a joint venture between Basari
Yatirimlar, a Turkish infrastructure company, and the Basari Group - has
placed orders for 60MWDC of modules that will power its own
projects, as well as PV power plants that it will provide EPC services
for. The first modules will be delivered in late 2016.
"Zorlu Enerji and Basariarge Enerji join a fast-growing list of Turkish
energy companies that benefit from the tangible upside that First
Solar's energy yield advantage delivers in the country," said Georges
Antoun, First Solar's Chief Commercial Officer. "These agreements
confirm assessments that solar energy in general, and First Solar
technology in particular, is the right response to Turkey's energy
security challenges - reliably delivering cost-competitive electricity
that addresses an immediate need. They also reaffirm First Solar's
belief in the sustainability of Turkey's solar energy market."
First Solar established an office in Istanbul in April 2014 and has
since secured a contracted module sale pipeline of over 300MW, making it
a leading PV module supplier in the country.
"Our track record over the past two years reflects the trust that our
customers in Turkey have placed in First Solar and in our module
technology. We are very pleased with the progress that we have made and
look forward to growing with our customers there," Antoun added.
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
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other things, concerning: effects on our financial statements and
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including anticipated trends and developments in and management plans
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View source version on businesswire.com: http://www.businesswire.com/news/home/20160811005213/en/
First Solar Media
Reuven Proença
+971 (0)4 4559 410
reuven.proenca@firstsolar.com
or
First
Solar Investors
Stephen Haymore
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stephen.haymore@firstsolar.com
Source: First Solar, Inc.
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