2:14 | 12.08.2017
First Solar Awarded 241MW Module Supply Contract for Edify Energy Solar Projects in Australia
First Solar, Inc. (Nasdaq: FSLR) today announced it has been awarded a
241 megawatt (MW)DC module supply contract by RCR Tomlinson
Ltd (ASX: RCR) as engineering, procurement and construction contractor
for Edify Energy’s Daydream (180.7MWDc) and Hayman (60.2MWDC)
solar projects in Queensland, Australia. This contract takes First
Solar’s delivery pipeline to over 500MW in the next 12 months, cementing
it as the leading module supplier for large-scale solar in Australia.
Located across two sites north of Collinsville, the projects will
utilize an optimized technology solution that includes single axis
tracking technology from Array Technologies, Inc., and more than
2,026,565 First Solar advanced thin film photovoltaic (PV) modules, to
produce approximately 531,000 megawatt-hours of sustainable energy each
The First Solar Series 4 modules chosen for the projects are ideally
suited to the hot and humid environmental conditions of the Whitsunday
Region, due to a superior temperature coefficient, and better shading
and spectral response.
“First Solar’s unique energy yield advantage enables our solar projects
in North Queensland to produce more energy per MW installed than other
available PV technology,” said John Cole, Edify Energy’s Chief
Executive. “This is of significant importance for asset owners and
operators looking to maximize energy production. The First Solar team
has been very supportive and a key enabler of these projects.”
On completion, the projects will provide significant environmental
benefits, producing enough sustainable energy to displace 429,000 metric
tons of carbon dioxide emissions per year combined. This will serve the
needs of approximately 73,000 average Queensland homes, the equivalent
of taking approximately 115,000 cars off the road.
Construction on the projects is scheduled to commence in Q3 2017, with
module delivery in Q4 2017 and Q1 2018.
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 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;
the impact of public policies, such as tariffs or other trade remedies
imposed on solar cells and 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;
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negative or plural of these words and other comparable terminology.
Forward-looking statements are only predictions based on our current
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place undue reliance on these forward-looking statements. We undertake
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risks, uncertainties and other factors that may cause our actual
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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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