North Coast Solar Stocks

September 17, 2009

First Solar to Supply 27 Megawatts of Solar Modules to Juwi for U.S. Utility Installations

Filed under: FSLR — Tags: , , — Jason @ 12:40 pm

Thursday September 17, 2009, 12:40 pm EDT

TEMPE, Ariz.–(BUSINESS WIRE)–First Solar Inc. (FSLR) today announced that it has been selected by Colorado-based developer and EPC contractor juwi solar Inc., a subsidiary of juwi Holding AG, to supply solar modules for two U.S. projects. These projects represent new supply orders and do not fall within the existing long-term framework agreement between First Solar and juwi solar GmbH.

The projects include a 15 megawatt (MW) (DC) installation for JEA, the eighth largest community-owned electric utility in the U.S. First Solar will also supply another 12MW (DC) for juwi solar Inc.’s project with American Electric Power in Ohio. The two installations are expected to begin construction in the fourth quarter of 2009 and to be completed before the end of 2010.

“First Solar’s modules are a cost effective solution for utility scale installations, making them an ideal fit for these projects,” said Bruce Sohn, First Solar president. “Together with our valued customer juwi solar, we are addressing the nation’s clean energy needs.”

“We are very encouraged that First Solar is supplying its proven and financeable modules for these initial U.S. utility-scale projects developed by juwi solar. We expect that our strong relationship with First Solar will be an important element toward the expansion of solar power in the United States,” said Michael Martin, managing director of juwi solar Inc.

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