High-performance thin film modules to power two utility-scale power plants, totaling almost 19MWDC

AMSTERDAM, Netherlands/COPENHAGEN, Denmark/TEMPE, Az., November 13, 2017 - First Solar, Inc. (Nasdaq: FSLR) today announced that its high-performance thin film photovoltaic (PV) modules would power two utility-scale photovoltaic solar power plants in the Netherlands, developed by Denmarks Obton.

Obton broke ground on the first project, a 13.92-megawatt (MWDC) facility today, while a second, 4.4MWDC, project is expected to come online in mid-2018. Both projects are located in Stadskanaal and have secured licenses under the countrys SDE+ renewable energy program. The plants are part of a growing wave of solar PV projects that have successfully competed against other technologies, including wind, in recent SDE+ procurement rounds. They also mark Obtons entry into the Dutch market as an independent power producer.
"Our projects allow us to play a role in the Netherlands plans to decarbonize its energy mix. They demonstrate that solar PV can effectively compete against any other renewable energy technology when powered by bankable module technology," said Anders Marcus, CEO of Obton. "Importantly, the fact that were using First Solars eco-efficient modules ensures that were also delivering the lowest carbon solar in the country."
Over 156,000 First Solar Series 4 modules, which have the lowest environmental impact of all solar technologies, will power the two projects. With a carbon footprint that is approximately half that of conventional crystalline silicon PV panels, the modules will displace an estimated 6,200 metric tons of CO2-equivalent per year; comparable to removing 2,300 cars from Dutch roads. Additionally, with an energy payback time of approximately five months, the modules recoup the energy required to manufacture them faster than any other PV technology.
"The Stadskanaal projects are clear evidence that reliable, bankable utility-scale solar has earned its place in the countrys low carbon energy generation portfolio," said Stefan Degener, First Solars Head of Business Development for Europe and Africa. "As the Netherlands makes steady progress towards its decarbonization goals, were very proud to be able to contribute to the effort to deliver clean and affordable solar electricity."


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 companys 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 Solars renewable energy systems protect and enhance the environment. For more information about First Solar, please visit www.firstsolar.com.

About Obton
Obton is an investment and management company specialized in renewable projects. Obton represents retail investors and manages a rapid growing PV-portfolio of more than 300 MW with an enterprise value of EUR 840m. The plants are primarily located in France, Italy, Germany, Belgium and the Netherlands. For more information please visit www.obton.com.