First Solar Showcases Game-Changing Series 5 PV Module at Intersolar 2016
High performance 365W thin film module offers superior performance, reliability / First Solar will present its new Module on 22 June 2016 at Intersolar at 5pm at booth 158 in Hall A1
The next generation 365-watt solar module, which is 1.85 meters high and 1.2 meters wide, will be available in Europe by the third quarter of 2017. It builds on the performance and reliability of First Solar’s currently available Series 4 product. The glass-glass Series 5 module features an integrated steel dual-back mounting rail assembly which reduces Balance of System (BOS) costs and installation times. First Solar’s high performance thin film modules already offer several performance and reliability advantages over c-Si panels.
“The Series 5 module offers all the benefits of First Solar’s high performance thin film technology, in a convenient form factor. The module is designed with the customer’s needs in mind, offering world-class reliability and performance at competitive prices,” said Christopher Burghardt, First Solar’s Vice President of Business Development for Europe. “We believe that the new module will shatter the myth that low cost solar cannot be delivered with high performance technology. In fact, we firmly believe that this module and its future iterations will play a significant role in driving forward Europe’s energy transition.”
The module’s low labor requirements make it ideal for markets with high labor costs, such as Europe; the modules can be installed either manually by two people or mechanically. First Solar currently has an installed capacity of over 4 gigawatts (GW) in Europe.
“Our new Series 5 module is a direct response to industry needs. Power plant owners, operators, developers, and EPC (engineering, procurement and construction) companies will find immediate value in our Series 5 offering,” said Karim Asali, First Solar’s Technical Director for Europe. “Eliminating the need for clips by using a back-rail, and the new form factor will lead to significantly reduced Balance of Systems (BOS) costs to a point there’ll be a negligible difference between First Solar modules and conventional crystalline silicon panels. And with the reduced installation labor costs and fewer electrical connections per Watt compared to the company’s current modules, the full advantage becomes quite clear.”
First Solar will also showcase its comprehensive Energy Services offering - a suite of products designed to fit the needs of utility-scale power plant owners and operators - at Intersolar. Each solution addresses a specific business model, from owners looking for turnkey operations and maintenance (O&M), to organizations who self-perform O&M but need the technology to improve efficiency and fleet performance. Visitors will also be able to experience First Solar’s state-of-the-art Operations Center.
First Solar will be at booth 158 in Hall A1 at Intersolar 2016.
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 pending tax matters; 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; 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; sales and marketing initiatives; and competition. These forward-looking statements are often characterized by the use of words such as "estimate," "expect," "anticipate," "project," "plan," "intend," “seek,” "believe," "forecast," "foresee," "likely," "may," "should," "goal," "target," "might," "will," "could," "predict," "continue" and the negative or plural of these words and other comparable terminology. Forward-looking statements are only predictions based on our current expectations and our projections about future events. You should not place undue reliance on these forward-looking statements. We undertake no obligation to update any of these forward-looking statements for any reason. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ 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, Current Reports on Form 8-K and other reports filed with the SEC.
First Solar GmbH
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.
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