First Solar, has broken ground on a US$20 million expansion of their manufacturing facility in Perrysburg, Ohio. The expansion will increase annual plant capacity of First Solar’s thin film solar module production to 25 MW in 2005 in order to meet the growing demand for First Solar’s PV modules in the US and European markets.Perrysburg, Ohio – June 9, 2003 [SolarAccess.com] “The progress made to date in meeting production volume, quality and customer acceptance milestones warrants this investment to fuel the next wave of growth for First Solar.” said Michael Ahearn, First Solar CEO. “We are committed to our vision of making solar power a more affordable and compelling source of renewable energy during this decade. The expansion culminates three years of investment to optimize First Solar’s thin film semiconductor deposition and automated manufacturing process. First Solar produced 1.5MW of solar modules for commercial sale in 2002 and will roughly double that volume to 3MW in 2003 and to 6MW in 2004 before bringing capacity to the 25MW level in 2005 with the completion of the plant expansion. “A number of leading utilities, project developers and system integrators in the U.S. and Europe have embraced First Solar’s value proposition – to deliver a high performance and high quality solar module at a more affordable price,” said Ken Schultz, First Solar Vice President of Sales & Marketing. First Solar currently employs 150 people and will increase employment as the plant ramps to higher production in 2005. The company sells its products in the US and European markets and will have its solar modules on display in Hall 3- Booth 292 at this year’s Intersolar Exhibition in Freiberg, Germany, June 27-29.