TOKYO--(BUSINESS WIRE)--First Solar, Inc. (Nasdaq: FSLR) announced today that it has signed a

syndicated development loan facility agreement of approximately 7

billion yen (US$64 million) with Mizuho Bank Ltd. for its utility-scale

solar project pipeline in Japan using First Solar modules.

This financing represents the first syndicated solar project development

loan facility arranged and participated in by Mizuho Bank, and it is the

third loan facility First Solar has secured with Mizuho Bank. Today’s

agreement demonstrates First Solar’s project development capabilities

and track record in successfully financing and delivering projects that

support Japan’s goal to be powered by reliable and affordable solar

electricity.

This financing arrangement will facilitate utility-scale solar projects

that will utilize First Solar’s next generation Series 6 technology,

confirming the performance and reliability advantages inherent to First

Solar’s technology in Japan. First Solar technology is bankable

worldwide and proven domestically to consistently perform above

expectations in operation. First Solar’s industry-leading combination of

module power output, superior energy production, and stable performance

allows mega-solar power plant owners to produce more energy and revenue

than alternative technologies.

First Solar provides energy solutions that support Japan’s renewable

energy target of 7 percent solar by 2030. First Solar is committed to

the Japan market with a long-term sustainable business model.

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 resulting

from certain module manufacturing changes and associated restructuring

activities; 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 technology and 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 expand manufacturing capacity

worldwide; 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; 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, and other filings with the Securities and Exchange

Commission.

Contacts

First Solar Media

Burson-Marsteller

Hitomi Onda, Eiko Aiba

+81

03-3264-6701

or

First

Solar Media

Jennifer Abbott

+61 2 9002 7736

or

First

Solar Investors

Stephen Haymore

+1 602-414-9315