First Solar Project Will Support PacifiCorp in Meeting Facebook Clean Energy Goals
October 23 2018 - 4:15PM
58MWAC Cove Mountain Solar Project to Support
Prineville, Oregon Data Center
A solar power plant developed and to be built by First Solar
(Nasdaq: FSLR) will help support Facebook’s Prineville, Oregon Data
Center with 100 percent renewable energy.
Through a power purchase agreement (PPA) with PacifiCorp, the 58
megawatt (MW)AC Cove Mountain Solar Project located near
Enterprise, Utah, will generate renewable energy that will support
Facebook’s Prineville Data Center. This agreement is part of
a larger deal structure that will support the data center with 100
percent renewable energy.
“We have been pleased to work with both Facebook and PacifiCorp
on a collaboration that creates value for all parties,” said Eran
Mahrer, First Solar’ Vice President of Markets, Origination and
Government Affairs. “This is an exciting example of how utilities
and corporations are collaborating to achieve economic benefits for
their stakeholders and also advance renewable energy objectives. We
are proud to offer First Solar’s project development expertise to
help enable this strategic relationship between PacifiCorp and
Facebook.”
“We are thrilled that our Prineville Data Center will finally be
supported by 100 percent renewable energy,” said Peter Freed,
Facebook Energy Strategy Manager. “We appreciate First Solar’s
efforts to help us provide solar energy on the same grid as our
data center.”
First Solar Senior Director of Corporate Renewables Karl
Brutsaert noted that – as clean, renewable solar energy has become
one of the cheapest sources of new energy generation available in
the United States – companies like Facebook are able to meet their
environmental commitments while making smart economic
decisions.
“First Solar has been on the leading edge of this trend, and we
are well-positioned to work with corporations globally as they
develop smart renewable energy strategies that leverage efficient
and reliable large-scale offsite generation facilities,” said
Brutsaert.
“This project exemplifies an exciting opportunity for solar
development to support economic development in both rural Utah and
Oregon. As a U.S. manufacturer, we are thrilled to facilitate this
type of regional development, which helps create good-paying
construction and manufacturing jobs,” said First Solar Vice
President of Project Development Kathryn Arbeit.
The Cove Mountain Solar Project will utilize First Solar’s
Series 6 thin film modules mounted on single-axis trackers. First
Solar expects to begin construction on the project in late 2019,
and estimates an average of approximately 200 construction jobs
with potential peak construction jobs of nearly 500. Commissioning
is expected in late 2020. First Solar Energy Services expects to
provide Operations and Maintenance services when the project is
commissioned.
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 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.
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, but are not limited to, statements concerning: the
construction and operation of a 58MWAC solar system. These
forward-looking statements are often characterized by the use of
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“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 and therefore speak only as of the
date of this release. You should not place undue reliance on these
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a result of new information, future developments or otherwise.
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 under the captions “Risk Factors” and “Management’s
Discussion and Analysis of Financial Conditions and Results of
Operations” of our most recent Annual Report on Form 10-K and our
subsequently filed Quarterly Reports on Form 10-Q, as supplemented
by our other filings with the Securities and Exchange
Commission.
Contacts
First Solar MediaSteve Krum+1
602-427-3359steve.krum@firstsolar.com
First Solar InvestorsStephen Haymore+1
602-414-9315stephen.haymore@firstsolar.com
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