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First Solar receives Construction Loan Facility from Mizuho Bank for Utility-Scale Solar Generation

September 30, 2015

TOKYO, September, 30 2015 - First Solar, Inc. (Nasdaq: FSLR), today announced that Mizuho Bank Ltd. was extending a low interest construction loan facility of up to US$33 Million (4 billion yen) in Japan to First Solar Japan GK to develop utility-scale solar power plants. The financing will be available for funding construction of qualified projects in First Solar's development pipeline in Japan. First Solar will engage with Japanese companies to construct the projects.

The financing underlines First Solar's strong commitment to the development of Japan's PV utility-scale solar industry.

Jack Curtis, First Solar's Regional Manager for Asia Pacific said, "The loan facility offering for PV utility-scale solar projects will further enhance Japan's ongoing efforts to reduce its dependency on imported fossil fuels. Mizuho Bank Ltd.'s support for First Solar's project development is expected to encourage further participation with more private investments in the PV utility-scale solar sector in Japan."

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: 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.

Contacts Deepali Girdhar +91 8800 843600 deepali.girdhar@firstsolar.com

First Solar Investors Steve Haymore +1 602-414-9315 stephen.haymore@firstsolar.com

SOURCE: First Solar, Inc.

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