Eco-efficient First Solar modules have 67% lower CO2 footprint
than Crystalline Silicon modules
First Solar, Inc. (Nasdaq: FSLR) today announced that Photosol,
a French photovoltaic (PV) solar energy company, has selected its
high performance, lower-carbon, thin film modules to power 14
utility-scale solar power plants with a total capacity of 106.5
megawatts (MW)DC. The projects – developed and owned by
Photosol – are part of the third procurement round initiated by
France’s Commission de Régulation de l’Energie.
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The power plants will be located in central and southwest
France, and will range from 4.5MW to 43MW in capacity. The largest
project will be located in Burgundy, with Jayme da Costa Energie, a
French subsidiary of Jayme da Costa Group, a leading Portuguese
engineering firm, providing the Engineering, Procurement and
Construction (EPC) for all the projects.
When completed, the plants are expected to supply almost 134,000
megawatt-hours (MWh) of electricity to the French electricity grid
in their first year of operation; enough electricity to power
23,000 average French households and to displace 5,000 metric tons
of carbon dioxide per year. The plants’ collective environmental
footprint will be lowered by approximately 67 percent, thanks to
their use of First Solar’s high performance modules, which offer
the smallest carbon footprint, fastest energy payback time and
lowest water use of all solar technologies.
“As France continues to drive a sustained renewable energy
program to meet its CO2 reduction goals, while reliably addressing
its energy needs, we see a huge opportunity for utility-scale solar
to make a significant contribution by delivering reliable and
affordable clean electricity,” said David Guinard, Managing
Director of Photosol. “Our decision to select First Solar’s thin
film modules was not only driven by the cost-competitiveness and
proven performance advantage, but also by the significant
environmental benefits that its module technology offers.”
These projects bring Photosol’s total portfolio of PV plants,
powered by First Solar modules, to almost 155MW. Upon completion,
they will take First Solar’s total installed capacity in Europe up
to approximately 4.5GW.
“The progressive French policy on reducing the carbon footprint
of its solar energy program has set a new benchmark and serves as a
precedent for other countries to follow. It is a clear
demonstration of how evaluating the environmental footprint can be
effectively embedded in a competitive bidding process,” said Stefan
Degener, Regional Head of Business Development at First Solar. “We
congratulate Photosol on their success, and thank both Photosol and
Jayme da Costa for their continued confidence in First Solar and
our technology.”
With over 13,500MW of PV modules sold worldwide, First Solar is
a global leader in providing comprehensive PV solar systems powered
by its advanced thin film modules. First Solar’s presence in Europe
dates back to 2004, and the company continues to be a leading
player in the region’s utility-scale PV market.
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.
About Photosol
Photosol, founded in 2008, is an independent renewable energy
producer specialized in large photovoltaic (PV) power plants
(between 8 to 12 MW each). The Company is present across the whole
value chain as it develops, finances, builds and operates
photovoltaic power plants in France. As of end of 2016,
Photosol has invested nearly €300 million, with 143MW of projects
in operation, 106MW of projects in construction and a pipeline of
more than 250MW. In 2017 and 2018, Photosol intends to build and
operate additional 100MW. For more information, please
visit www.photosol.fr.
About Jayme da Costa Group
Throughout its 100 years of activity, Jayme da Costa has become
one of the most respected companies within the engineering area.
Its achievements within the site civil, mechanical and electric
installations, as well as the conception and the manufacturing of
LV and MV electric equipment, have fostered its national and
international recognition. Working in renewable energies projects
since the1980s across Europe, Africa, Latin and South America,
Jayme da Costa Group and its regional branches has installed,
participated and/or commissioned over 500 MW of solar power plants,
3.5 GW of wind power and 300 MW of small hydro power stations. For
our new century that starts, Jayme da Costa Group has a refreshing
energy, aiming for the decarbonizing of the energy sector by
developing new markets, focusing on new skills and solutions in
order to achieve the overall objectives at the highest level.
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 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 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; 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20170216005624/en/
MediaFor First SolarReuven
ProençaFirst Solar EMEA Communications+971 (0)4 4559
410reuven.proenca@firstsolar.comorFirst Solar
InvestorsSteve Haymore+1
602-414-9315stephen.haymore@firstsolar.comorFor
PhotosolProject developmentDavid Guinard+33 (0)1 70 22
50 97david.guinard@photosol.frorPhotosol
InvestorsBenoit Farines+33 (0)1 70 22 50
97benoit.farines@photosol.frorFor Jayme da
CostaLuis Pedro Marques+33 (0)1 46 96 56
22pm@jaymedacosta.ptorFrancisco Ribeiro+33 (0)1 46 96 56
22fr@jaymedacosta.pt
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