First Solar and Origis Energy Confirm Module Sale Agreement
December 05 2017 - 12:00PM
Business Wire
595MWdc over three years includes Series 4 and Series 6
applications
First Solar, Inc. (Nasdaq: FSLR) and Origis Energy USA announced
today they have completed a module sale deal totaling 595 Megawatts
(MW)dc and spanning a three-year delivery date schedule. Terms of
the deals were not disclosed.
The agreement includes delivery of First Solar’s Series 4
modules in 2017 and 2018, as well as Series 6 modules in 2019 and
2020. The advanced technology thin film modules will be utilized in
various projects throughout the United States in which Origis
Energy is constructing solar sites.
“The bankability of solar and energy storage components is a key
consideration for us to deliver high performing clean energy assets
to our clients,” said Samir Verstyn, Chief Investment Officer,
Origis Energy. “This alliance with First Solar fulfills the site
and schedule commitments we have made to the market in the
foreseeable future. We are very pleased to construct our projects
with First Solar Tier 1 module technology.”
“First Solar is pleased to be selected by Origis Energy as a
long-term partner,” said Georges Antoun, Chief Commercial Officer,
First Solar. “Our technology advantage will help enable the
projects Origis has in construction and development to be reliable,
high-performance assets. This is a great match of technology and
application.”
About Origis Energy
Origis Energy is Powering the Solar RevolutionSM with
custom clean energy solutions for utility, commercial and public
sector clients. The Origis team has worked to ensure the interests
of all stakeholders are upheld in more than 100 projects worldwide
totaling 600+ megawatts to date of developed solar capacity.
Headquartered in Miami, FL, Origis Energy USA delivers excellence
in solar and energy storage development, financing, engineering,
procurement and construction (EPC) and operations, maintenance and
asset management for investors and clean energy consumers across
Europe and the Americas. For more information, visit the company
online at www.origisenergy.com.
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 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 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; the impact of public
policies, such as tariffs or other trade remedies imposed on solar
cells and modules; our ability to expand manufacturing capacity
worldwide; 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; 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/20171205006112/en/
Origis Energy MediaGlenna Wiseman+1 786-693-2624orFirst Solar
MediaSteve Krum+1 602-427-3359steve.krum@firstsolar.comorFirst
Solar InvestorsStephen Haymore+1
602-414-9315stephen.haymore@firstsolar.com
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