First Solar to Supply Modules for 40 MW Solar Plant in Germany

First Solar, Inc. will supply solar modules for a 40-megawatt (MW) solar power plant to be built by juwi solar GmbH in Germany. Construction is to begin in the second quarter of 2007 and is expected to take 30 months.

“Our collaboration with leading project developers on large scale solar power plants is enabling us to reduce solar module and system costs,” said Michael Ahearn, president and CEO of First Solar, “and thereby expand the market for solar electricity.” Upon completion, the project will use approximately 550,000 solar modules and produce around 40 million kilowatt hours (kWh) of clean power annually. The project, which will be financed by Saxon LB, represents an investment of Euro 130 million [US$170.7 million]. It is to be located in the Saxon region of Germany in the municipality of Brandis. “Our positive experience with the energy generation performance and reliability of First Solar modules and their ability to supply modules for the project under a long term supply agreement enabled us to realize this important project,” said Matthias Willenbacher, head of the international juwi group.
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