Silicon Ranch Selects First Solar Technology for Aerojet Rocketdyne Project
May 05 2015 - 11:00AM
Business Wire
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
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 MediaReagan Farr+1
615-577-4786reagan.farr@siliconranchcorp.comorFirst Solar
MediaSteve Krum+1 602-427-3359steve.krum@firstsolar.comorFirst
Solar InvestorsDavid Brady+1
602-414-9315dbrady@firstsolar.comorStephen Haymore+1
602-414-9315stephen.haymore@firstsolar.com
First Solar (NASDAQ:FSLR)
Historical Stock Chart
From Mar 2024 to Apr 2024
First Solar (NASDAQ:FSLR)
Historical Stock Chart
From Apr 2023 to Apr 2024