TEMPE, Ariz.--(BUSINESS WIRE)-- First Solar, Inc. (NASDAQ: FSLR) will report financial results for the first quarter ended March 31, 2017, after the market closes on Tuesday, May 2, 2017. The Company will hold its quarterly conference call to discuss these results and updated outlook for 2017 at 4:30 p.m. ET. Investors may access a live webcast of this conference call by visiting http://investor.firstsolar.com/events.cfm.
An audio replay of the conference call will also be available approximately two hours after the conclusion of the call. The audio replay will remain available until Tuesday, May 9, 2017, at 7:30 p.m. ET and can be accessed by dialing 888-203-1112 if you are calling from within the United States or 719-457-0820 if you are calling from outside the United States and entering the replay pass code 8971725. A replay of the webcast will be available on the Investors section of the Company's website approximately two hours after the conclusion of the call and remain available for approximately 90 calendar days. 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.
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Company's installed capacity to surpass 400MW in Australia SYDNEY--(BUSINESS WIRE)-- First Solar, Inc. (Nasdaq: FSLR) today announced that financial close has been reached for the Manildra Solar Farm in New South Wales (NSW), Australia. First Solar will leverage its expertise in utility-scale solar development to deliver the 48.5 megawatt (MW)AC project, which will utilize approximately 466,000 First Solar thin-film photovoltaic (PV) modules and single-axis tracking technology expected to produce more than 120,000 megawatt-hours of electricity in its first year of operation. The Manildra Solar Farm will take First Solar's installed capacity in Australia to more than 400MWAC when it is complete in 2018. The Manildra Solar Farm is supported by AUD$9.8 million of grant funding from the Australian Renewable Energy Agency (ARENA). First Solar has entered into a 13-year power purchase agreement with EnergyAustralia for the generated electricity and large-scale generation certificates. "Today's milestone is a testament to the ability and experience of First Solar's development and delivery team, and we congratulate ARENA and EnergyAustralia on their commitment to commercially viable projects," said Jack Curtis, First Solar's Regional Manager of Asia Pacific. "We have witnessed unprecedented cost reductions in large-scale solar in recent years. As the appetite for this asset class continues to grow, timely and reliable project delivery will be the strongest driver of future cost reductions, cementing solar as a competitive energy source in Australia." Jack Curtis, Regional Manager. Located one kilometer east of Manildra in regional NSW, the Manildra Solar Farm will benefit directly from existing solar supply chains, and operations and maintenance hubs. It will also provide significant economic benefits to the region, through the creation of direct and indirect jobs, supporting small business and developing regional skills in a growing industry. "Customers rightly expect access to reliable, affordable and cleaner supplies of energy, which means the industry needs to evolve," said EnergyAustralia Managing Director Catherine Tanna. "The Manildra Solar Farm is a great example of the projects that will underpin the future of energy in Australia, and we're proud to be partnering with First Solar to bring it to market." First Solar is pleased to confirm the appointment of RCR O'Donnell Griffin Pty Ltd for the engineering, procurement and construction of the project. Construction is scheduled to commence in the first half of 2017. Once complete, the project is expected to produce enough solar energy to serve the needs of approximately 14,000 average NSW homes and displace more than 91,000 metric tons of carbon dioxide emissions per year - the equivalent of taking about 24,000 cars off the road. ARENA CEO Ivor Frischknecht said the Manildra Solar Farm had reached financial close through ARENA's groundbreaking large-scale solar competitive round, which was driving down costs and boosting investment. "Construction will soon begin at the site, creating new economic opportunities for Australian businesses and families in the local region," Frischknecht said. "By supporting innovators like First Solar, ARENA has fast-tracked the development of substantial new Australian industries like the large-scale solar sector, which is now on the cusp of being commercial." First Solar is committed to the communities in which it operates and thanks the local community in Manildra and the broader region for its ongoing support. 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 resulting from certain module manufacturing changes and associated restructuring activities; 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 technology and 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; our ability to expand manufacturing capacity worldwide; 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, and other filings with the Securities and Exchange Commission. MOAPA, Nev.--(BUSINESS WIRE)-- First Solar, Inc. (Nasdaq: FSLR) and the Moapa Band of Paiutes joined Sen. Dean Heller, Sen. Catherine Cortez Masto, Nevada State Energy Office Director Angela Dykema, Clark County Commissioner Marilyn Kirkpatrick, executives from the Los Angeles Department of Water and Power (LADWP) and other community and energy industry leaders to celebrate the commissioning of the Moapa Southern Paiute Solar Project. Officials from the U.S. Department of Energy, the Bureau of Land Management and the Bureau of Indian Affairs also participated in this event. The Moapa Southern Paiute Solar Project is a 250 Megawatt (MW) AC solar energy project capable of generating enough clean energy to power an estimated 111,000 homes. Located on the Moapa River Indian reservation approximately 30 miles north of Las Vegas, this facility is the first-ever utility-scale solar power plant to be built on tribal land and has a long-term power purchase agreement (PPA) with LADWP to bring clean, renewable energy to Los Angeles residents. "We look forward to doing more projects like this in Nevada," said Georges Antoun, Chief Commercial Officer for First Solar. "Our PV technology is setting the standard for affordable, clean renewable energy. By continuously innovating, we are driving down the cost of solar electricity and providing a solution that addresses energy security and water scarcity. We are delivering on our commitment to build a more sustainable energy future." For the Moapa Band of Paiutes, this solar energy project has proven to be an ideal economic development opportunity, providing lease revenues over the lifetime of the project and about 115 construction jobs for tribal members and other Native Americans, while also preserving their land and cultural heritage. The Moapa Southern Paiute Solar Project, constructed and operated by First Solar, features more than 3.2 million advanced First Solar thin film photovoltaic (PV) solar panels. This equates to more than 25 million square feet of solar panels, or enough to cover more than 450 NFL football fields. The energy will serve LADWP under a 25-year PPA. Click here for full news release. 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 SYDNEY--(Business Wire)-- First Solar, Inc. (Nasdaq: FSLR) today welcomes the news that Genex Power Limited (ASX: GNX, Genex Power) has achieved financial close for the Kidston Phase One Solar Project in Queensland, Australia. First Solar will supply 63 megawatts (MW)dc of advanced thin-film photovoltaic (PV) modules to the project which will produce approximately 145,000 megawatt-hours of electricity in its first year of operation. The project is located next to the proposed Kidston Pumped Storage Project and in an industry first, Genex Power will seek to integrate solar generation with a pumped hydroelectricity energy storage system.
"As Australia continues to diversify its renewable energy portfolio, this project is an excellent example of the potential of large-scale solar application and industry best practice," said Ewan Norton-Smith, First Solar's Senior Manager for Business Development in Australia. "The combination of solar energy with pumped-storage hydroelectricity will allow for increasing penetration of renewable energy into the grid and will contribute to the stability of supply in the National Electricity Market. Genex Power is at the forefront of this emerging industry, and with several compelling Australian projects on the horizon, we're proud to be supporting phase one of the project." Situated 270 kilometers north-west of Townsville in far north Queensland, the first phase of the project will use more than 540,000 First Solar thin-film PV modules. First Solar technology has a higher energy yield in hot and humid climates due to its lower temperature coefficient and over the course of a plant's operational life will translate to substantial gains in power output. First Solar modules have been used in more large-scale projects in Australia than any other PV manufacturer, and this project further cements First Solar's position as the country's leading PV technology supplier to the large-scale solar sector. "Genex Power is pleased to confirm the appointment of First Solar as its PV module supplier for the Kidston Solar Project. First Solar has an excellent track record of delivering large-scale solar projects in Australia with their world-leading thin-film PV technology, and the company is a welcome addition to the strong delivery team Genex Power has assembled for this exciting project," said Michael Addison, Genex Power's Managing Director. "The combination of First Solar's thin-film modules, single-axis tracking technology and the excellent local solar resource in Queensland will give our project the highest chance of achieving a record solar capacity factor in Australia." The electricity from the Kidston Phase One Solar Project will be sold via a Power Purchase Agreement supported by the Queensland Government. The project is also supported by $8.9 million of Commonwealth Government funding through the Australian Renewable Energy Agency. Construction of the project will be managed by UGL Engineering Pty Ltd. and is on schedule to commence in the first half of 2017. 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. |
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