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 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.
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