First Solar and Origis Energy Confirm Module Sale Agreement

595MWdc over three years includes Series 4 and Series 6 applications

TEMPE, Ariz. & MIAMI–(BUSINESS WIRE)–First Solar, Inc. (Nasdaq: FSLR) and Origis Energy USA announced today
they have completed a module sale deal totaling 595 Megawatts (MW)dc and
spanning a three-year delivery date schedule. Terms of the deals were
not disclosed.

The agreement includes delivery of First Solar’s Series 4 modules in
2017 and 2018, as well as Series 6 modules in 2019 and 2020. The
advanced technology thin film modules will be utilized in various
projects throughout the United States in which Origis Energy is
constructing solar sites.

“The bankability of solar and energy storage components is a key
consideration for us to deliver high performing clean energy assets to
our clients,” said Samir Verstyn, Chief Investment Officer, Origis
Energy. “This alliance with First Solar fulfills the site and schedule
commitments we have made to the market in the foreseeable future. We are
very pleased to construct our projects with First Solar Tier 1 module
technology.”

“First Solar is pleased to be selected by Origis Energy as a long-term
partner,” said Georges Antoun, Chief Commercial Officer, First Solar.
“Our technology advantage will help enable the projects Origis has in
construction and development to be reliable, high-performance assets.
This is a great match of technology and application.”

About Origis Energy

Origis Energy is Powering the Solar RevolutionSM with custom
clean energy solutions for utility, commercial and public sector
clients. The Origis team has worked to ensure the interests of all
stakeholders are upheld in more than 100 projects worldwide totaling
600+ megawatts to date of developed solar capacity. Headquartered in
Miami, FL, Origis Energy USA delivers excellence in solar and energy
storage development, financing, engineering, procurement and
construction (EPC) and operations, maintenance and asset management for
investors and clean energy consumers across Europe and the Americas. For
more information, visit the company online at www.origisenergy.com.

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 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; the impact of
public policies, such as tariffs or other trade remedies imposed on
solar cells and 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

Origis Energy Media
Glenna Wiseman
+1 786-693-2624
or
First
Solar Media
Steve Krum
+1 602-427-3359
[email protected]
or
First
Solar Investors
Stephen Haymore
+1 602-414-9315
[email protected]