PlantPredict™ Energy Modeling Used as Basis for Project Performance Guarantees
November 01 2017 - 8:00PM
Business Wire
Three projects total more than 350MW
First Solar, Inc. (Nasdaq: FSLR) has confirmed that
PlantPredict™, the company’s utility-scale solar photovoltaic (PV)
energy prediction software, has been used to generate the reference
energy predictions in the sale of three utility-scale projects
totaling more than 350MWac.
The transactions demonstrate that the cloud-based modeling tool
has gained acceptance by lenders and asset owners as a bankable
primary resource in analyzing and predicting performance of
utility-scale PV solar projects.
Energy predictions generated by PlantPredict were used as the
basis for EPC and O&M guarantees for projects including the
40MWac Cuyama Solar Project, owned by an affiliate of D. E. Shaw
Renewable Investments, L.L.C.; and the 150MW second phase of the
California Flats solar power plant, owned by Capital Dynamics.
A review of PlantPredict’s capabilities by independent
engineering firm Leidos found that the application provided
modeling accuracy equivalent to other energy prediction modeling
tools currently used in the industry, such as PVSyst.
“It’s interesting to have another product on the market for
modeling PV Projects,” said Leidos engineer Joan Haysom.
“PlantPredict has been developed with utility-scale projects in
mind, which is advantageous for that type of implementation in
terms of ease of use.”
Haysom noted that Leidos’ analysis found that Plant Predict
matched operational data in the test cases they studied “within
reasonable uncertainty as expected within these models.”
PlantPredict is a sophisticated solar energy modeling tool
designed to develop energy estimates for utility-scale solar PV
installations. Easy to use with advanced modeling options,
PlantPredict reduces uncertainty to generate more accurate energy
predictions. More than 500 companies have already used PlantPredict
to model energy predictions for their solar sites.
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 statements, among other things, concerning: effects on our
financial statements and guidance resulting from certain module
manufacturing changes and associated restructuring activities; our
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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 technology and cost reduction roadmaps,
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version on businesswire.com: http://www.businesswire.com/news/home/20171101006983/en/
First Solar MediaSteve Krum+1
602-427-3359steve.krum@firstsolar.comorFirst Solar InvestorsStephen
Haymore+1 602-414-9315stephen.haymore@firstsolar.com
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